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MYSTATE LIMITED — Capital/Financing Update 2014
Dec 11, 2014
65395_rns_2014-12-11_d4160438-8f22-4b30-b0e5-cf7615ae7aef.pdf
Capital/Financing Update
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ASX and Media Release
12 December 2014
MyState Limited successfully prices $300m RMBS
Hobart, Friday, 12 December 2014: MyState Limited, the banking and wealth management group, today announced that it has successfully priced its CONQUEST Series 2014-2 Trust RMBS transaction.
The senior tranches of notes has received a preliminary rating of AAA (sf) from Standard and Poors and Fitch Ratings. Pricing details are set out below:
| Class A1 | $262.5 million | WAL 2.9 years | 1mth BBSW + 95 basis points |
|---|---|---|---|
| Class A2 | $18.9 million | WAL 2.9 years | 1mth BBSW + 120 basis points |
| Class AB | $8.1 million | WAL 5.1 years | 1mth BBSW + 180 basis points |
| Class B1 | $7.4 million | WAL 4.1 years | Not disclosed |
| Class B2 | $1.8 million | WAL 7.7 years | Not disclosed |
| Class B3 | $1.3 million | WAL 7.7 years | Not disclosed |
The transaction is backed by Australian prime residential mortgages originated by MyState Bank Limited and the Rock Building Society Limited.
MyState Limited’s Managing Director, Melos Sulicich, said; “The launch of this transaction demonstrates the quality of the Group’s assets enabling regular access to these markets. This transaction is another positive step for the CONQUEST programme and the long term funding of both institutions.”
Mr Sulicich added, “the continued strong performance of our Australian residential mortgages, particularly the low arrears levels and the increasing diversification of the asset pool, has been attractive to investors across the capital structure of the transaction. The transaction will provide capital and funding benefits to the MyState Group.”
A total of 13 investors participated in the transaction.
ENDS
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For further information, please contact:
Tom Taylor William McShane Chief Financial Officer Treasurer MyState Limited MyState Limited +61 3 6215 9609 +61 3 6215 9554 [email protected] [email protected]
About MyState Limited
MyState Limited is an ASX-listed diversified financial Group formed in September 2009 to effect the merger of MyState Bank Limited (MSB), an authorised deposit-taking institution, and Tasmanian Perpetual Trustees Limited (TPTL), a trustee and wealth management company. MyState acquired The Rock Building Society Limited, based in Rockhampton, in December 2011.
MyState Limited, MSB and The Rock are regulated by APRA and MyState Limited was enabled under Tasmanian legislation to own the authorised trustee company TPT. MSB, The Rock and TPT hold Australian Financial Services Licences issued by ASIC.
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