Basecorp secures more funding
The Hamilton-based company has raised $300 million through its securitisation programme.
This is its third capital markets RMBS transaction to date and brings the total raised through this programme to $800 million.
"The transaction positions Basecorp strongly for continued growth through 2022 despite a slowing property market, as non-bank system growth continues to remain elevated and significantly above bank system growth," Basecorp chief financial officer John Moody says.
“The team is proud of this transaction, concluded during a backdrop of rising economic and geopolitical concerns, and we are very grateful for the continued support of Basecorp’s funding programme by investors.
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