Columbus keeps Aussie RMBS ticking with acquired ANZ loans

Aussie RMBS 230x
By Tom Porter
10 Jul 2014

Non-bank mortgage lender Columbus Capital is preparing to sell its first Australian RMBS of the year, which will be the second securitization of the Origin loan portfolio it acquired from Australia and New Zealand Banking Group (ANZ) in 2012.

Columbus has structured a deal comprising A$322m of Class A notes and A$21m of Class AB notes, both rated triple-A by Fitch. They sit above an unrated A$7m Class B tranche.

Columbus was set up in 2006 and its major shareholder is the Malaysia based MAA Group Berhad. ...

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