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Non-bank lender MA Money has completed a $700 million residential mortgage-backed securities (RMBS) public term issuance deal.
This is reportedly the biggest inaugural prime borrower deal by a non-bank lender ever. The transaction, arranged by NAB, HSBC, Macquarie, SMBC, and Westpac was the tightest-priced inaugural prime borrower RMBS deal since the pandemic.
“We are extremely pleased to execute our Pinnacle programme as the first RMBS transaction of 2025, reopening the market with such a strong outcome,” said MA Financial Group joint CEO Chris Wyke.
“After an outstanding 2024, culminating in MA Money reaching $2 billion in loans under management in December, this transaction is a powerful way to start the year. It reflects our continued growth and ability to deliver exceptional results for our investors and broker partners.”
Wyke said that this was an “exceptional result,” with 61 per cent of the trade allocated to offshore investors, helping promote the “global footprint” of the lender.
MA Money’s treasurer Akeshni Gour said: “Successfully securing and upsizing this transaction, while also attracting significant offshore investment, is a clear testament to the confidence investors have in MA Money and the quality of our loan book.
“The overwhelming support for this deal highlights the strength of our business and the global reputation we have built. We are truly grateful for the trust placed in us by both our onshore and offshore investors, and we look forward to continuing to offer high-quality opportunities to the market.”
[Related: Firstmac completes $1.75bn RMBS issue]
