With the largest securitisation team in the region, we have been involved in almost every landmark securitisation transaction in the Australian market. King & Wood Mallesons has acted as deal counsel on approximately 60% of all Australian public securitisation transactions since January 2013.
Our team works on an increasing number of major deals in Asia. This includes the first publicly listed and rated corporate loan securitisation backed by a cross-border guarantee from a Chinese policy bank and the first public consumer finance-backed securities issuance in the Hong Kong SAR market. We are also active in the Korean and China cross-border asset backed securities (ABS) markets.
Clients choose KWM to advise them on securitisation because they value our large and geographically diverse team’s expertise in key disciplines. They value our co-ordinated approach to sharing new information, our capacity to analyse complex issues quickly, and our strong relationships with key industry players. Our deep understanding of the market and commitment to knowing our client's business means that sponsors trust us with their securitisation programs, while investors trust us to protect their investment.
Integrated expertise
As a client, you also benefit from the extensive expertise we have across the firm. Our integrated advice on securitisation law includes input from our tax, retail credit and personal property securities experts.
We advise on:
- Public term securitisation transactions effected by bank and non-bank financial institutions
- Transactions involving new asset classes and innovative features, including green securitisations (notably, Australia’s first Climate Bond Certified green tranche, recognised as Australian securitisation deal of the year)
- Private securitisations (including warehouses, private placements and internal repo-eligible transactions)
- Covered bonds for Australian banks
- Asset-backed securitisation for originators and arrangers of all asset classes including autos, equipment, trade receivables (including multi-seller Asian programmes), dealer floor plans, margin loans, personal loans and resale contracts
- Sale and lease-back transactions
- Commercial mortgage-backed securitisations including retail products and multi-borrower structures
- Secondary market loan sales for sellers and buyers of prime, non-conforming, commercial and distressed loans
- Securitised acquisition financing transactions
- Reverse mortgages
- Government sponsored structures.
Market highlights
- Commonwealth Bank: on all aspects of its Medallion programme.
- National Australia Bank: on all aspects of its National RMBS programme.
- ANZ: on all aspects of its Kingfisher programme.
- Suncorp: on all aspects of its Apollo programme.
- Bendigo & Adelaide Bank: on all aspects of its Torrens programme.
- Pepper Group: on all aspects of its public and private securitisation programme, including multiple Euro & Rule 144A transactions.
- Resimac: on all aspects of its public and private securitisation programme, including multiple Rule 144A transactions.
- Liberty Financial: on all aspects of its securitisation programme, including its Irish listed transactions and all Liberty auto ABS issuances.
- Firstmac: on the establishment of its securitisation programme and multiple warehouse and term transactions under that programme.
- Columbus: on the establishment of its securitisation programme and multiple warehouse and term transactions under that programme.
- La Trobe: on the establishment of its securitisation programme and all warehouse and term transactions under that programme.
- RedZed: on the establishment of its securitisation programme and all warehouse and term transactions under that programme.
- Zip: on the establishment of the Zip Master Trust (one of the first “UK” style master trust structures in the Australian market).
- Fintechs: on the establishment of securitisation programmes and various transactions under those programmes, including Prospa, Zip, Afterpay, MoneyMe, Symple Loans and 86 400.
