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MYSTATE LIMITED — Capital/Financing Update 2016
Oct 27, 2016
65395_rns_2016-10-27_231b754d-4378-4860-ae1f-24c137c0750e.pdf
Capital/Financing Update
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ASX and Media Release 28 October 2016
MyState Limited prices AUD$300m RMBS
Hobart, Friday, 28 October 2016: MyState Limited (ASX:MYS), the banking and wealth management group, announced today that it has successfully priced its CONQUEST Series 2016-2 Trust RMBS Transaction.
The senior tranches of notes received a preliminary rating of AAA (sf) from Standard and Poors and Fitch Ratings. Pricing details are set out below:
| Class A1 | $270.0 million | WAL 2.8 years | 1mth BBSW + 130 basis points |
|---|---|---|---|
| Class A2 | $10.5 million | WAL 2.8 years | 1mth BBSW + 190 basis points |
| Class AB | $9.0 million | WAL 5.3 years | 1mth BBSW + 245 basis points |
| Class B1 | $6.0 million | WAL 5.3 years | 1mth BBSW + 285 basis points |
| Class B2 | $3.0 million | WAL 5.3 years | 1mth BBSW + 335 basis points |
| Class B3 | $1.5 million | WAL 5.3 years | 1mth BBSW + 625 basis points |
The transaction is backed by Australian prime residential mortgages originated by MyState Bank Limited.
MyState Limited’s Managing Director, Melos Sulicich, said; “The exceptional performance of MyState’s Australian residential mortgages, and in particular, the arrears profile of our Tasmanian and growing inter-state loan portfolio continues to attract strong demand within our securitisation program.”
Mr Sulicich added; “MyState continues to build depth and diversity in its funding program which has been affirmed by the level of investor participation and interest in our CONQUEST program both domestically and abroad.”
ENDS
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For further information, please contact:
David Harradine 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 the ASX-listed non-operating holding company of the diversified financial services group consisting of MyState Bank (including The Rock – A division of MyState Bank) and Tasmanian Perpetual Trustees, a trustee and wealth management company. MyState Bank is regulated by the Australian Prudential Regulatory Authority. MyState Bank and Tasmanian Perpetual Trustees hold Australian Financial Services Licences issued by the Australian Securities and Investments Commission.
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