Flexigroup taps Aussie consumer ABS platform for second time

By Joseph McDevitt
29 Aug 2013

Business and consumer finance provider Flexigroup has used its Australian Flexi securitization platform for the second time this year to securitize a portfolio of consumer loans for purchases of household goods.

Lead managers Commonwealth Bank Australia and National Australia Bank priced Flexi ABS Trust 2013-2 on Tuesday. The deal included a short A$94.5m P-1/F1+ (Moody’s/Fitch) rated ‘A1’ tranche with 0.3 year weighted average life and 23% credit enhancement that was priced at 60bp over one month BBSW. The triple-A ...

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