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The non-bank lender has printed its second $500 million RMBS public term issuance to help bolster future growth.
Non-bank mortgage lender MA Money has printed its second $500 million residential mortgage-backed securities (RMBS) public term issuance, comprising both prime and non-conforming loans.
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According to the mortgage lender, the proceeds will bolster MA Money’s capacity for future growth and “further its ongoing efforts to provide reliable mortgage solutions to its clients”.
The transaction – which was reportedly supported by a mix of onshore and offshore investors – had NAB, HSBC, and Westpac as joint lead managers.
Akeshni Gour, MA Money’s treasurer, said: “This successful issuance reinforces the strength of MA Money’s platform and our ability to deliver high-quality assets to investors.
“We are incredibly grateful for the trust and support from our investor base, which allows us to continue offering flexible lending solutions to our customers.”
This issuance follows MA Money’s record-breaking inaugural term securitisation in November 2023, which was then the largest inaugural non-bank RMBS by a lender in Australian history.
The lender – which launched in 2022 after MA Financial acquired the company (when it was formerly known as MKM Capital) – has continued to focus on growth in the Australian home loan market and currently has a $1.6 billion mortgage loan book.
It is aiming to build its home loan portfolio to $4 billion by December 2026.
[Related: MA Money bolsters broker support team]
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