Recommended for
Clients needing:
- large borrowings ($100 million+), between 3 months and into perpetuity
- the ability to take an active role in the structure and management of their loan portfolio, and
- a high level of cost certainty (with the ability to smooth exposure to the interest rate cycle).
Key features
Interest rate
- Interest rate able to be reset annually, quarterly, monthly or as required
Key benefits
- Clients can have more than one Portfolio Linked Loan
- The funding arrangements are regularly rebalanced to a target-modified duration (set by the client)
- Client provides a mandate for the management of their underlying portfolio
- Low cost loan
- Client has ability to:
- Monitor the profile of their debt
- Structure their portfolio as an interest-only or balance reducing debt
- Structure their portfolio as an interest-only or balance reducing debt
Maximum loan term
- Up to and including perpetuity
- Loan can be structured to any term length to suit client need, business objectives and interest rate risk appetite
Limits
- Evergreen or reducing limit capability (subject to State Borrowing Program approvals and approval by relevant administering departments)
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