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The Liberty Series 2026-1 SME Trust marks the lender’s 88th securitisation term and its 15th issue backed by a portfolio of SME loans, bringing its total SME securitisations to $8.8 billion.
The transaction comprises $1 billion of notes rated by Moody’s Investors Service and consists of a pool of SME mortgages with a weighted average loan-to-value ratio of 62 per cent, seasoned at 29 months.
Deutsche Bank acted as sole arranger and joint lead manager alongside Bank of America Securities, Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corporation.
The latest transaction takes Liberty’s total capital markets issuance to more than $57 billion since 1997.
The transaction is due to settle on 10 September 2026.
Liberty chief financial officer Peter Riedel said the lender was grateful for the support from investors.
“Liberty is a leader in providing households and small businesses with the freedom to choose from a wide range of products and services to meet their financial needs,” Riedel said.
“We are grateful for the support investors have extended to our business.”
SME growth continues after record FY26
The latest securitisation follows a record year of lending for Liberty, which originated $6.11 billion in new loans in the financial year 2026, up 20 per cent on the previous financial year.
While residential lending remained the group’s largest origination segment at $3.53 billion, secured lending – including commercial mortgages, secured SME loans, and motor finance – generated $2.11 billion in originations.
Liberty said the secured portfolio continued to grow throughout FY26, reaching $6.55 billion at year end, with growth driven by its commercial and SME lending businesses alongside stronger motor finance activity.
The lender also reported $464 million in financial services originations, which include unsecured SME lending through Moula following Liberty’s acquisition of a controlling stake in the business.
Overall, Liberty’s loan portfolio increased to $15.2 billion at the end of FY26, up from $14.6 billion a year earlier.
[Related: Broker market share climbs to new record]
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