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MYSTATE LIMITED — Capital/Financing Update 2014
Dec 9, 2014
65395_rns_2014-12-09_73469145-68d9-4234-93d0-e44b24325cda.pdf
Capital/Financing Update
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ASX and Media Release
10 December 2014
MyState Limited announces CONQUEST Series 2014-2 Trust
Hobart, Wednesday, 10 December 2014: MyState Limited announced today the launch of MyState Bank Limited’s fourth Residential Mortgage Backed Securities issue, the CONQUEST Series 2013-1 Trust, under its CONQUEST securitisation programme.
It is anticipated that securities with a value of up to $300 million will be issued comprising of three tranches. It is expected the senior tranche of securities will be rated AAA(sf) by Standard and Poors and Fitch Ratings.
The issue will be 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 Group’s ability to regularly access these markets. The transaction is a positive step for the CONQUEST programme and the long term funding of both institutions.”
Commonwealth Bank of Australia is the Sole Arranger on the transaction as well as Joint Lead Manager along with Macquarie Bank and Westpac Institutional Bank.
ENDS
For further information, please contact:
Tom Taylor Chief Financial Officer MyState Limited +61 3 6215 9609 [email protected]
William McShane Treasurer MyState Limited +61 3 6215 9554 [email protected]
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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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