Servizi
ColCap UK and Molo complete £300 million securitisation
ColCap is a leading privately-owned, Australian non-bank lender specialising in residential mortgage loans. Founded in 2006, it has a loan portfolio in excess of AUS $14.0 billion . ColCap invested in Molo, an award-winning digital buy-to-let lender, in February 2023 via its UK subsidiary, ColCap UK.
The diversified pool of underlying mortgage assets has generated significant interest and strong investor demand.
The securitisation received a AAA(sf) rating from global credit rating agencies Fitch and S&P Global Ratings respectively. The ratings were for 87.5% of the pool and the senior tranche was priced at 0.95% over SONIA.
Macquarie Bank and Standard Chartered Bank acted as Joint Arrangers and Macquarie Bank, Standard Chartered Bank, and Citigroup acted as Joint Lead Managers.
, commented, " "
Echoing this sentiment, added
Commenting on the achievement from Molo's perspective, , stated, "
ColCap is a Sydney -headquartered privately owned leading non-bank lender specialising in residential mortgage loans. ColCap was founded in 2006 and currently has a loan portfolio in excess of AUS $14.0 billion .
ColCap lends in Australia and the UK primarily through:
For further information about ColCap please visit www.colcap.co.uk
Molo is an award-winning digital mortgage lender in the UK, established specifically to improve customers' experience in obtaining a mortgage, leveraging technology to deliver simpler and faster online mortgage lending. Since it launched in 2018, Molo has led change in the UK mortgage industry with over £1.8 billion mortgage applications submitted across their digital platform to date.
Molo is backed by ColCap Financial Limited.
For further information about Molo please visit www.molofinance.com .
View original content to download multimedia: https://www.prnewswire.co.uk/news-releases/colcap-uk-and-molo-complete-300-million-securitisation-302134860.html