BC Investment Group – BC Invest Successfully Issues A$416 Million RMBS
(6 April 2022 – Hong Kong) BC Invest, a diversified financial services group, c.53 % owned by Far East Consortium International Limited (“FEC”; Stock Code: 35.HK), has today confirmed the successful issuance of its A$416 million Australian dollar-denominated Ruby Bond Trust 2022-1, a residential mortgage-backed securities (RMBS) bond.
The transaction, BC Invest’s fourth RMBS issuance, was launched and priced over a three-day period last week. The RMBS was backed primarily by first mortgage loans to both Australian resident and non-resident borrowers secured by mortgages over Australian residential properties. This was the first RMBS issued by BC Invest that contained a proportion of domestic borrowers and green tranches (all previous BC Invest RMBS offers had been backed by first mortgage loans to non-residents of Australia).
Commenting on the issuance, Mr Chris HOONG, Managing Director of FEC, said, “We are delighted with the successful result of BC Invest’s latest RMBS offering against a volatile global market backdrop. We are particularly pleased with the strong and growing support institutional investors continue to provide to BC Invest. This issue also marks three major milestones for BC Invest having now issued Green Bonds, surpassed A$1.5 billion RMBS issuance within the last 15 months and A$2 billion in new loan originations over the last 12 months.”
Mr David Hinde, Chief Executive Officer of BC Invest, said “this latest RMBS offer signals to the market our preparedness to maintain our regular RMBS issuance program despite unfavourable market conditions, this being particularly important for our investors and the financial institutions that support us. We are also pleased to note the inclusion of several green tranches and Australian domestic borrowers in the pool of mortgages, this being a focus for BC Invest as we continue to buildout our Australian domestic platform with a focus on sustainability. We are pleased to have worked with Metrics Credit Partners as Sustainability Coordinator and DNV as second party opinion provider.”
- End -
About BC Investment Group
BC Investment Group (“BC Invest”) is one of the leading Asian financial services groups headquartered in Hong Kong and operating across Australia, New Zealand, Mainland China, the United Kingdom, Singapore, Vietnam and Malaysia. BC Invest offers a seamless combination of personal and financial services that seek to give clients attractive investment returns.
Its Australian lending entity - BC Securities Pty Limited - is a non-bank lender with a dedicated residential real estate finance team that specializes in mortgage lending to non-residents, expatriates, Self-Managed Super Funds and small businesses in Australia. With FEC’s support, BC Invest launched one of Australia’s first lending products for borrowers earning foreign income in 2016 and is now ranked as the top lender in Australia servicing non-resident borrowers.
About Far East Consortium International Limited
Far East Consortium International Limited has been listed on the Hong Kong Stock Exchange since 1972 (HKEx Stock code: 35.HK). The Group is mainly engaged in property development and investment, hotel development and management, car park operations and facilities management, securities and financial product investment and gaming operations. The Group adopts the diversified regional strategy and the “Asian Wallet” strategy with business covering Hong Kong, Mainland China, Australia, New Zealand, Malaysia, Singapore, the United Kingdom and other European countries.
FEC official website:
FEC WeChat and Weibo:
For further information, please contact:
Media enquiries:
Ms. Kat Chow
Contact Number: (852) 2850 0625
Email: kat.chow@fecil.com.hk
Strategic Financial Relations Limited
Ms. Mandy Go / Ms. Jenny Lam
Contact Number: (852) 2864 4812 / (852) 2864 4883
Email: mandy.go@sprg.com.hk / jennysy.lam@sprg.com.hk
