BNK Group signs first RMBS program

Mortgage Business
BNK Group signs first RMBS program
By Malavika Santhebennur
22 April 2021
The listed bank has announced that it has signed definitive legal documents to establish its first warehouse and securitisation program, worth $250 million.
BNK Banking Corp has announced that it has partnered with Bendigo and Adelaide Bank and Blackstone for a $250 million prime residential mortgage warehouse program named the Bullion Warehouse Trust No. 1.  
The warehouse and securitisation program has a three-year availability period (subject to annual reviews), the bank said.
It added that senior funding to the warehouse program will be provided by Bendigo and Adelaide Bank, while the junior funding to the warehouse program is provided by BNK, with funds managed or advised by Blackstone.

Related Keywords

Bendigo ,Victoria ,Australia ,Malavika Santhebennur ,Brett Morgan ,Bullion Warehouse Trust No ,Adelaide Bank ,Bnk Banking Corp ,Bullion Warehouse Trust ,Perpetual Corporate Trust ,Better Choice Home Loans ,Allan Savins ,Better Choice ,Money Management ,பெண்டிகோ ,விக்டோரியா ,ஆஸ்திரேலியா ,மாலவிகா சந்தெபெண்னுர் ,ப்ரெட் மோர்கன் ,பிங்க் வங்கி கார்ப் ,நிரந்தர பெருநிறுவன நம்பிக்கை ,சிறந்தது தேர்வு வீடு கடன்கள் ,சிறந்தது தேர்வு ,பணம் மேலாண்மை ,