We had the pleasure of collaborating with Latitude Financial Services last week to successfully execute their 5th capital markets personal loans transaction. Latitude's international roadshow generated a substantial amount of offshore interest allowing the introduction of multiple new investors to the program. The strong demand for the bookbuild exceeded $1.6 billion, allowing the maximum amount of $500 million to be issued. Westpac acted as Arranger and Joint Lead Manager. Commenting on the transaction Westpac’s Head of ABS Strategy, Martin Jacques said: “The oversubscription highlights the ongoing demand for Australian securities. This transaction saw the lowest margin for senior notes in a personal loan transaction since the tight pricing observed during COVID in 2021, and all subordinated notes were priced better than the expected range.” Latitude’s Group Treasurer & interim CFO Stefano Tognon added: “We are pleased with the expanded domestic and international investor following in our Personal Loan ABS programme, enabling Latitude to raise important growth funding to advance our strategic agenda in personal lending in 2025.” Congratulations to Latitude Financial on successfully closing your first deal of 2025! Nell Hutton Max Bulloch Allan O’Sullivan Lucie Allcock Meg Weeks ryan evans Dong Jin Michael Donohue
--
3w🤲