Aft Pharmaceuticals Foreign Exempt Nzx

AFG 2023-1 Trust (ASX: AFT) is an Australian securitisation vehicle that issues asset-backed debt securities secured by a pool of residential mortgage loans.

Aft Pharmaceuticals Foreign Exempt Nzx Share Price & Chart

About Aft Pharmaceuticals Foreign Exempt Nzx (ASX:AFT)

AFG 2023-1 Trust is an Australian securitisation trust listed on the Australian Securities Exchange under the ticker symbol AFT. The trust is a special purpose vehicle established by AFG Securities Pty Ltd, a subsidiary of the prominent financial services firm Australian Finance Group Ltd (ASX: AFG), to facilitate the securitisation of residential mortgage loans. Headquartered in West Perth, Western Australia, the trust serves as a critical financial mechanism for converting mortgage assets into tradable debt securities for institutional and professional investors.

The primary operations of the AFG 2023-1 Trust involve the management of a specific pool of residential mortgage receivables and the servicing of various classes of notes issued to the market. These notes, ranging from Class A1 to Class F, represent different levels of risk and return, with the senior classes benefiting from credit enhancement provided by the subordinated tranches. The trust’s assets consist of a diversified portfolio of Australian residential mortgages, which generate the consistent cash flows required to meet interest and principal payments to noteholders.

As a listed debt security, the AFG 2023-1 Trust provides investors with exposure to the Australian residential property market through a structured credit instrument. Its strategic focus is on maintaining the high credit quality of its underlying mortgage pool and ensuring transparent reporting in compliance with ASX listing rules and international securitisation standards. The trust plays a vital role in the broader capital management strategy of Australian Finance Group, allowing the company to recycle capital and support its ongoing lending activities in the Australian financial services sector.

Social Media
Get Our "Big News" Alerts
Join 20,000+ subscribers today.

Breaking ASX Alerts Direct to Your Inbox

Join +20,000 subscribers receiving alerts.

Join thousands of investors who rely on StockWire X for timely, accurate market intelligence.

About the Publisher