MA Money has completed its largest Residential Mortgage-Backed Securities (RMBS) public term issuance with a $700 million transaction, making it the biggest inaugural Prime Borrower RMBS deal by a non-bank lender.
This issuance was MA Money’s largest to date and follows the mortgage lender reaching $2 billion in loans under management at the end of 2024.
The transaction, arranged by NAB, with NAB, HSBC, Macquarie, SMBC, and Westpac acting as Joint Lead Managers, was the tightest-priced inaugural Prime Borrower RMBS deal since the pandemic.
Chris Wyke, the Joint CEO of MA Financial Group, said it was an exceptional result for the Prime Borrower RMBS (MA Money Pinnacle Residential Securitisation Trust 2025-1), with a significant portion (61%) of the trade allocated to offshore investors, reinforcing the global footprint MA Money has strategically built over the years.
“We are extremely pleased to execute our Pinnacle programme as the first RMBS transaction of 2025, reopening the market with such a strong outcome,” he said.
“After an outstanding 2024, culminating in MA Money reaching $2 billion in loans under management in December, this transaction is a powerful way to start the year. It reflects our continued growth and ability to deliver exceptional results for our investors and broker partners.”
Akeshni Gour, Treasurer, MA Money, said: “Successfully securing and upsizing this transaction, while also attracting significant offshore investment, is a clear testament to the confidence investors have in MA Money and the quality of our loan book.
“The overwhelming support for this deal highlights the strength of our business and the global reputation we have built. We are truly grateful for the trust placed in us by both our onshore and offshore investors, and we look forward to continuing to offer high-quality opportunities to the market.”
