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MYSTATE LIMITED — Capital/Financing Update 2016
Oct 26, 2016
65395_rns_2016-10-26_61f861ba-6ef4-42eb-9e86-41f009404b5b.pdf
Capital/Financing Update
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ASX and Media Release 27 October 2016
MyState Limited announces CONQUEST Series 2016-2 Trust
Hobart, Thursday, 27 October 2016: MyState Limited (ASX:MYS), the banking and wealth management group, announced today the marketing of MyState Bank Limited’s fifth Residential Mortgage Backed Securities issue, the CONQUEST Series 2016-2 Trust, under MyState’s CONQUEST securitisation programme.
It is anticipated that securities with a value of up to AUD$300 million will be issued comprising of six tranches. It is expected the senior tranche of securities will be rated AAA(sf) by Standard and Poors and Fitch Ratings.
The issue is backed by Australian prime residential mortgages originated by MyState Bank Limited.
Westpac Institutional Bank is the Sole Arranger on the transaction as well as Joint Lead Manager along with Commonwealth Bank of Australia and National Australia Bank.
ENDS
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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