ISSUER PROFILES
BEYOND BANK AUSTRALIA
BLUESTONE GROUP
AUSTRALIAN ADI
YES
AUSTRALIAN ADI
NO
SECURITISATION PROGRAMME NAME
BARTON
SECURITISATION PROGRAMME NAMES
SAPPHIRE, EMERALD
U S E OF S E C UR IT IS A T I O N TYPE OF SECURITISATION ISSUED
USE OF SE CURI T I SAT I ON PRIME RMBS
TYPES OF SECURITISATION ISSUED
RMBS, REVERSE MORTGAGE
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
>95%
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
75%
NUMBER OF SECURITISATIONS ISSUED
4*
NUMBER OF SECURITISATIONS ISSUED
31
TOTAL VOLUME ISSUED
A$1.6BN
TOTAL VOLUME ISSUED
A$9.5BN
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
100% DOMESTIC
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$747M
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
88% DOMESTIC 12% OFFSHORE
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 30 NOV 2020
0.4%
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$2.1BN
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 31 DEC 2020
4.7%
* Excluding internal securitisation
B
eyond Bank Australia is one of the largest fully customerowned banks in Australia. With branches in the Australian Capital Territory, South Australia, Western Australia, New South Wales and Victoria, Beyond Bank offers a range of personal, business and community banking services, wealth management, and financial-planning solutions to more than 260,000 customers. At the end of June 2020, total assets were A$7.1 billion. Established more than 60 years ago, Beyond Bank strongly believes that understanding the value of money positively influences financial wellbeing for individuals, which leads to a more prosperous, sustainable and successful community. In 2007, the Beyond Bank Foundation was established with a primary purpose to give back to the community and support community endeavours. The foundation has contributed more than A$25 million to local communities through sponsorships, grants and donations. As a sustainable business, Beyond Bank aims to help its customers, people and communities achieve social, economic and environmental sustainability now and into the future. This commitment is demonstrated by its B Corp certification. B Corp is a global movement of people using business as a force for good. As Australia’s first bank to be certified as a B Corp, Beyond Bank continues to meet the highest standards in performance, transparency and accountability.
◆ please contact:
Tony MacGillivray Treasurer +61 8 8205 8853 | tmacgillivray@beyondbank.com.au Deanna Martin Senior Securitisation Analyst +61 8 8205 8613 | demartin@beyondbank.com.au www.beyondbank.com.au 94 · Australian Securitisation Journal | Issue 19_2021
F
ounded in 2000, Bluestone Group is a well-diversified manufacturer and originator of prime, near-prime and specialist residential home loans in Australia and New Zealand. In March 2018, Cerberus Capital Management completed a transaction to purchase Bluestone, bringing significant capital, operational and credit expertise. Bluestone manages more than A$10 billion in its mortgage portfolio, including more than A$7 billion for a major Australian bank. Since 2002, it has completed 31 public securitisations. In 2019, Bluestone commenced issuance of CRD IV-compliant securitisations, broadening the range of international investors able to participate in its programmes. Bluestone leverages an established distribution network to deliver genuine value for partners and customers. Its strategic focus is to shift lending toward lower credit-risk assets, expand its product set and broaden investor relationships. Bluestone undertook a significant number of strategic initiatives in 2019, including a complete redesign of its product set as well as internal structural changes that saw its S&P Global Ratings servicer rating upgraded to “strong”, representing the highest rating an RMBS issuer can achieve. Bluestone’s credit policy has been significantly tightened since the COVID-19 pandemic and will be reviewed as management gains confidence in the economic outlook. Bluestone has more than 220 employees across Australia, New Zealand and the Philippines.
◆ please contact:
Campbell Smyth Chief Executive Officer +61 2 8115 5167 | campbell.smyth@bluestone.com.au Todd Lawler Managing Director, Treasury and Funding +61 407 073 537 | todd.lawler@bluestone.com.au www.bluestone.com.au
