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ISCOVER
Staff Reporter
One of Australia’s non-bank lenders has raised $250 million to accelerate its expanding commercial business.
Last week, Liberty raised the funds in a bid to provide finance to a wide spectrum of business owners, investors and self-managed super fund members.
The Liberty Series 2013-1 SME issue is the third public raising completed by Liberty for this asset class.
“This latest fundraising enables Liberty to make its funding available for new originations at superior rates. This will further enhance our competitive offering for commercial customers,” said Liberty’s general manager of commercial finance, Suresh Pillai.
The transaction comprises $250 million of notes rated by Standard & Poor’s and is Liberty’s 27th public term securitisation of residential, commercial and auto loans in Australia.
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