Liberty’s MTN Program repo eligible

Liberty Financial Pty Ltd (Liberty) announces its medium-term notes (MTNs) have been designated eligible for Reserve Bank of Australia repurchase agreements (repo).

On 3 April 2024, S&P Global Ratings upgraded Liberty’s Long-Term Issuer Credit Rating to BBB/Stable/A-2 with a standalone credit profile of BBB.

The non-bank lender’s higher credit rating is a testament to the company’s ongoing financial strength and success, Chief Financial Officer, Peter Riedel said.

“This rating boost reflects Liberty’s success in developing a leading diversified financial services business with a very strong capital position.” Liberty is the only non-bank with an investment grade rating.

The MTN funding program provides investors the opportunity to invest in senior unsecured fixed-income securities supported by revenues and profits generated from a diverse range of products and services provided to consumers and small-businesses in Australia and New Zealand.

The following Liberty MTN issues are now repo eligible:

“The BBB corporate rating and repo eligibility designation of the MTN issues reflects the competitive advantage of Liberty in the non-bank industry and distinguishes Liberty in domestic and international markets,” Mr Riedel said.

“The repo eligible status will enhance the appeal of our outstanding and future MTNs for both existing and potential investors.”

Liberty has raised more than A046 billion in domestic and international capital markets across 94 transactions. It has an unblemished track record in the capital markets whereby its rated notes have never been charged off, downgraded, or placed on negative watch.

Liberty is a member of the Liberty Financial Group (ASX: LFG).