Judo Bank is hopeful of printing a $350 million to $500 million deal in its first trip to the securitisation markets.
for the first time with a $350 million to $500 million deal as it looks to diversify its traditional funding mix of deposits and bank warehouses.A message sent to potential backers on Monday morning said the business lending specialist and its bank syndicate would kick off investor meetings on Wednesday. The goal would be to firm up interest in the Australian-dollar issue backed by small business loans, equipment loans and residential mortgages.
Judo has mandated five investment banks for the deal including Citi, Société Générale, ANZ, RBC Capital Markets and Westpac. The issue size is set at $350 million with the potential to upsize to $500 million.
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