A non-bank lender has priced an RMBS issue worth $300m, its twenty-third public term securitisation.
Liberty Financial announced the $300m deal last week, which wits lead manager said was well supported.
"The Liberty transaction was well received by investors which demonstrates a significant level of interest in the speciality lending sector, especially for transactions backed by well-seasoned and conservative collateral pools, originated by leading issuers," said Lionel Koe from joint arranger NAB.
The issue consisted of a pool of non-prime mortgages with a weighted average loan-to-value ratio of approximately 66.5%. In addition, the collateral was seasoned at over 35 months.