Brighte Capital Pty Limited’s 100% Green Asset-Backed Term Securitisation

Ashurst advised Brighte Capital Pty Limited on the deal.

Brighte Capital Pty Limited (Brighte), a digital-first finance provider simplifying access to solar energy, batteries and home improvements for Australian households, oissued debt comprising of 100% green asset-backed securities in the Australian public market (the Transaction).

The securitisation Notes were certified as Climate Bonds in accordance with standards set by the Climate Bonds Initiative. The Transaction was arranged by National Australia Bank Limited and rated by Moody’s Investor Services Pty Ltd.

As the first 100% green asset backed term securitisation in Australia, the Transaction was a terrific milestone for the Australian securitisation market, as well as for Brighte as a first time participant in the public term securitisation market. Brighte’s technology provides households with greater access and sustainable finance and clean energy technology in the Australian market.

The Ashurst team led by Jennifer Schlosser (Picture), together with Gianna Korkofingas, Phil Trinca, Ian Kellock, Geoff Mann, Bronwyn Kirkwood and Alice Kim advised Brighte on the Transaction and have previously supported Brighte in connection with the establishment of its other green securitisation warehouses. A separate Ashurst team, led by partner Jamie Ng, acted for Perpetual in relation to the Transaction.

Involved fees earner: Ian Kellock – Ashurst; Alice Kim – Ashurst; Bronwyn Kirkwood – Ashurst; Gianna Korkofingas – Ashurst; Geoff Mann – Ashurst; Jamie Ng – Ashurst; Jennifer Schlosser – Ashurst; Philip Trinca – Ashurst;

Law Firms: Ashurst;

Clients: Brighte Capital Pty Ltd; Perpetual Limited;

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Author: Michael Patrini