The $750 million issuance is the non-bank lender’s 23rd capital markets transaction since its founding in 2006 and comes as the non-bank lender’s assets under management approach $9 billion.
Thinktank’s total issuance across residential mortgage-backed securities and commercial mortgage-backed securities transactions now exceeds $13 billion.
The lender said the transaction was completed during a period of market volatility and attracted support from both domestic and offshore institutional investors.
The final order book included 34 institutional investors, with 57 per cent representing domestic accounts and 43 per cent offshore participants.
Bank balance sheets accounted for 38 per cent of the final order book, while real money investors comprised the remaining 62 per cent.
“The transaction represents an important milestone for Thinktank and a clear vote of confidence in our RMBS program,” Cullen Hughes, chief financial officer at Thinktank, said.
“Executed during a period of market volatility, the strong participation from both existing and new investors underscores the underlying resilience of the market and the quality of the portfolio.
“The transaction is also the first since Thinktank received its strong servicer ranking from S&P in early 2026.”
The pool comprises 1,080 first mortgage loans with an average size of $694,444, with 90.3 per cent of properties located in major metropolitan areas and 9.7 per cent in non-metro urbanised locations.
Hughes added that the successful bond issue reflects Thinktank’s continued growth in the securitisation market and its expanding commercial and residential loan book.
“This transaction is a testament to the enduring strength of our business and the trust our investors continue to place in us.
“Looking ahead, our focus remains on disciplined growth, supporting brokers and customers across both the residential and commercial markets, and delivering sustainable, long-term value to the market.”
[Related: How RMBS was brought to Australia]
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