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La Trobe Financial prices $250m RMBS Issue

Announcement posted by La Trobe Financial 31 May 2015

La Trobe Financial prices $250m RMBS Issue
Credit specialist La Trobe Financial today announced pricing for the La Trobe Financial Group’s second RMBS issue La Trobe Financial Capital Markets Trust 2015-1 (“LFCMT 2015-1”).

All tranches were priced at par. Settlement: Thursday 4 June 2015.

Clean Up Call: The payment date which occurs on the earlier of:
• 4 years from the Settlement Date; and
• When the aggregate Invested Amounts of the Notes is less than 25% of the aggregate Initial Invested Amount of the Notes.

Commonwealth Bank of Australia was Lead Manager

The transaction was La Trobe Financial’s second RMBS and complements the Group’s retail and other institutional funding sources.

“This transaction represents the Group’s first public RMBS issue and we are very pleased with the warm reception from the investor community. We are delighted to welcome many new investors to La Trobe Financial and look forward to building on these relationships” said, La Trobe Financial’s Chief Wealth Management Officer, Martin Barry.

Ryan Harkness, La Trobe Financial’s Head of Debt Capital Markets further commented “We believe the support offered by investors across the entire capital structure demonstrates a high level of confidence in our business and is reflective of the quality of the credit and strong servicing processes underpinning the portfolio of assets issued”. Mr Rob Verlander, Head of Debt Markets Securitisation at the Commonwealth Bank of Australia, stated, “This transaction follows on from La Trobe Financial’s RMBS private placement in 2014 and further broadens the investor base for the program. It demonstrates that the market continues to support new issuers in the specialist mortgage sector.”

La Trobe Financial has perhaps the most diversified capital raising program of all non-banks operating in Australia incorporating large term debt facilities from local and international banks, a billion dollar retail mortgage investment fund with its Pooled Mortgages Option independently rated, as well as its complementary RMBS capital markets program.

La Trobe Financial will be making further announcements shortly.

About La Trobe Financial La Trobe Financial is one of Australia’s leading Credit Specialist Fund Managers. We have been a proven and trusted investment partner, for institutional and retail investors alike for over 60 years, managing investment mandates in excess of A$10 billion. La Trobe Financial is independently rated, with offices in Melbourne, Sydney and Shanghai.
La Trobe Financial Services Pty Limited – Australian Credit Licence No. 392385.
La Trobe Financial Asset Management Limited - AFSL & Australian Credit Licence No. 222213. For details of our ratings please view our Awards & Ratings link on our website: http://www.latrobefinancial.com.au.

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