Avanti closes out biggest ever NZ securitisation

Avanti Finance has raised $350 million in its recently completed securitisation, making it the largest amount sourced from this kind of transaction in New Zealand’s history, to date.

The funds from this most recent raise will be used for growing Avanti’s mortgage loan book, and Avanti has strong funding to support continued growth in the rest of the business.

“With this increase in our funding capacity, we’re excited to be able to continue to support the mortgage adviser community who have been an integral part of our success in this market,” chief executive Mark Mountcastle says.

Avanti Finance provides a broad range of finance solutions to the New Zealand market, including personal loans, vehicle loans, business loans and home loans, directed primarily at customers who are not served well by the main banks.