Columbus Capital prints A$500 million in Triton 2017-1 RMBS

22 June 2017

Issue name: Triton 2017-1
Sponsor: Columbus Capital
Deal type: residential-mortgage back securities
Pricing date: 22 June 2017
Settlement date: 29 June 2017
Total deal volume: A$500 million (US$377.7 million)
Arranger: Westpac Institutional Bank
Lead managers: Credit Suisse, National Australia Bank, Westpac Institutional Bank

Note class: A1-a
Tranche volume: A$83.5 million
Tranche rating: AAA/AAA
WAL: 0.3 years
Margin to swap: 72.5bp/1m BBSW
Initial credit support: 15%

Note class: A1-b
Tranche volume: A$341.5 million
Tranche rating: AAA/AAA
WAL: 3.1 years
Margin to swap: 120bp/1m BBSW
Initial credit support: 15%

Note class: A2
Tranche volume: A$25 million
Tranche rating: AAA/AAA
WAL: 3.1 years
Margin to swap: 155bp/1m BBSW
Initial credit support: 10%

Note class: AB
Tranche volume: A$25 million
Tranche rating: AAA/AAA
WAL: 4.2 years
Margin to swap: 185bp/1m BBSW
Initial credit support: 5%

Note class: B
Tranche volume: A$17.25 million
Tranche rating: AA/NR
WAL: 4.2 years
Margin to swap: 250bp/1m BBSW
Initial credit support: 1.55%

Note class: C
Tranche volume: A$5.25 million
Tranche rating: A+/NR
WAL: 4.2 years
Margin to swap: 310bp/1m BBSW
Initial credit support: 0.5%

Note class: D
Tranche volume: A$1.5 million
Tranche rating: BBB/NR
WAL: 3.6 years
Margin to swap: ND
Initial credit support: 0.2%

Note class: E
Tranche volume: A$1 million
Tranche rating: NR/NR
WAL: 5.0 years
Margin to swap: ND
Initial credit support: N/A

No Comments Yet.

Leave a Reply

↓