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Private Credit Trust 2023-1

Multi-product credit trust allowing investors access to a diverse range of underlying credit assets.

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Fund overview

Our private credit trust is a open ended master trust allowing investors to gain exposure to senior credit risk across a diversified pool of credit assets. Credit is written by two experienced originators covering Asset Finance, Business Loans, Trade Finance, Invoice Finance, Insurance Premium Funding and Real Estate backed loans.

Two note issues are on offer allowing investors to gain exposure for a rolling 6 month period (with no reinvestment obligation) or term investment until completion of the investment period (December 2024).

A1 Class Notes
BBSW 6months +350bps

6 month maturity. Max 50% attachment

A2 Notes
BBSW 1Month +550bps

3 year maturity. 80% attachment

B Class Notes
BBSW 1Month +850bps

3 year maturity. 90% attachment

C Class Notes
BBSW 1Month +1200bps

3 year maturity. 95% attachment

Performance of the Remara Credit Trust 2023-1

  • A1 Notes
  • A2 Notes
  • B Notes
  • C Notes

Fixed Rate Notes

  • 2024
  • 2023
Month Mnth Return - Fixed RBA Active Gain
January 0.61% 0.36% 0.25%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Month Mnth Return - Fixed RBA Active Gain
May 0.57% 0.32% 0.25%
June 0.59% 0.34% 0.25%
July 0.59% 0.34% 0.25%
August 0.59% 0.34% 0.25%
September 0.59% 0.34% 0.25%
October 0.59% 0.34% 0.25%
November 0.61% 0.36% 0.25%
December 0.61% 0.36% 0.25%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Fixed Rate Notes

  • 2024
  • 2023
Month Mnth Return - Fixed RBA Active Gain
January 0.82% 0.36% 0.46%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Month Mnth Return - Fixed RBA Active Gain
May 0.78% 0.32% 0.46%
June 0.80% 0.34% 0.46%
July 0.80% 0.34% 0.46%
August 0.80% 0.34% 0.46%
September 0.80% 0.34% 0.46%
October 0.80% 0.34% 0.46%
November 0.82% 0.36% 0.46%
December 0.82% 0.36% 0.46%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Fixed Rate Notes

  • 2024
  • 2023
Month Mth Return - Fixed RBA Active Gain
January 1.07% 0.46% 0.71%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Month Mth Return - Fixed RBA Active Gain
May 1.03% 0.32% 0.71%
June 1.05% 0.34% 0.71%
July 1.05% 0.34% 0.71%
August 1.05% 0.34% 0.71%
September 1.05% 0.34% 0.71%
October 1.05% 0.34% 0.71%
November 1.07% 0.36% 0.71%
December 1.07% 0.36% 0.71%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Fixed Rate Notes

  • 2024
  • 2023
Month Mth Return - Fixed RBA Active Gain
January 1.36% 0.36% 1.00%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Month Mth Return - Fixed RBA Active Gain
May 1.32% 0.32% 1.00%
June 1.34% 0.34% 1.00%
July 1.34% 0.34% 1.00%
1.00% 1.34% 0.34% 1.00%
September 1.34% 0.34% 1.00%
October 1.34% 0.34% 1.00%
November 1.36% 0.36% 1.00%
1.00% 1.36% 0.36% 1.00%

Source: Remara Investment Management. Past performance is not a reliable indicator of future performance. See below for defined terms.

Fund documents

General

View general trust information including the trusts investment rating report.

Why choose the Remara Credit Trust 2023-1

The investment allows investors senior exposure across a diversified pool of loans. The notes are benefited by a credit enhancement resulting in a low potential for capital loss (subject to specific note selection).

Features of the Remara Credit Trust 2023-1 /

Diversified Security Pool

Large number of loans (usually above 300) allowing for granular risk exposures and ability to limit significant obligator risks1

Secured Lending

Secured by hard assets, insurance coverage or real estate.

Alignment with Sponsors

Remara owns the subordinated “First Loss” notes within the fund, providing alignment of interest with note holders.

Diversified Tenure

Trust offers multiple investment periods, allowing flexibility for investors to position accordingly withing their overall investment portfolio.

Strong Credit Scores

More than 75% of the underlying borrowers have credit scores above 600, providing a strong credit profile. This further enhances with diversification of the loan pool.

Fund details

Our Private Credit fund carries a low risk rating and is open to Australian domiciled wholesale investors (as defined by the Corporations Act). We seek to return in excess of the RBA cash rate + 4.0% per annum to investors after fees. This fund is suited to fixed income investors who are looking for high rate of return whilst being able to access their money on a regular basis. Investors can make withdrawals on a quarterly basis (March, June, September, December) during our withdrawal window.

Full fund specifications

Fund Name
Remara Private Credit Trust 2023-1
Investment Manager
Remara Investment Management Pty Ltd
Trustee/Responsible Entity
AMAL Trustees
Return Profile
Various (subject to note selection)
Risk Level
Low/Medium
Investment Horizon
A1 Notes - 6 months, A2/B/CC Notes - 3 years
Investor Eligibility
Wholesale investors only
Minimum Investment
A$25,000.00
Distributions
Quarterly (March, June, September, December)
Management Fees
NIL
Performance Fees
NIL
Withdrawals
Not available, however notes are publicly traded via Austraclear

Frequently asked questions

Are investors guaranteed their capital and interest return?

No, the notes are structured to provide investors the best opportunity to ensure return of capital and the receipt of interest, however the return cannot be guaranteed.

When are distributions paid?

A1 notes are paid at maturity. A2/B/C notes are paid monthly.

Can I reinvest my distribution?

No reinvestment plan exists. Further investment is required via note purchase.

Can I withdraw money from the bond?

The bond notes can be traded between investors, however, a liquid secondary market may not always be available. The notes trade publicly and are settled via Austraclear. The notes can only be redeemed at their prevailing maturity.

All underlying loans are secured loans or have insurance coverage

All underlying loans are secured loans or have insurance coverage.

Is Remara a bank?

No, Remara is not an Authorised Deposit Taking institution (ADI).

Is an Investment into the Private Credit Trust 2023-1 covered by the Australian Government deposit guarantee?

No, Remara is not an ADI.

Looking to invest?

Speak to Remara investor relations today about note acquisition.

  • Download Information Pack
  • Book a call with investor relations
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Remara Investment Management Pty Limited (Remara or the Company) is the author and issuer of this Document.

This Document is neither a prospectus nor a product disclosure statement regulated under the Corporations Act 2001 (Cth) (the Act). A copy is not required to be, and has not been, lodged with the Australian Securities and Investments Commission.. The issue of this Document to a Recipient does not constitute an offer to that Recipient in any form whatsoever. Remara operates under AFSL Number: 546046.

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