MTF Finance has completed its ninth public securitisation, achieving one of the strongest results in its history.
The $269.7 million class A notes (the highest tranche of an asset-backed security) were rated AAA (sf — structured finance) and were met with what it described as “exceptional demand”, receiving bids for more than double the amount on offer.
More than 90% of investment came from “real money” domestic institutions including KiwiSaver providers.
Three new investors joined the programme, alongside several returning institutions.
In a statement, chief executive Chris Lamers said it was a strong endorsement of the company’s credit performance and its purpose as human-led lenders.
The success of the MTF Magnum Trust 2025 transaction provided MTF with increased capacity to support customers across its 55-strong nationwide franchise network, from vehicle finance and personal loans, to growing small and medium businesses, he said. — Allied Media
