FlexiGroup markets “no interest ever” ABS as busy summer begins

By Tom Porter
16 Jun 2014

Consumer lender FlexiGroup is set to issue off its interest-free loan backed consumer ABS platform for the first time this year, ahead of what syndicate bankers expect to be a busy few months for Australian issuers as their investor base expands and alternative currencies become available.

The originator for Flexi ABS Trust 2014-1 is FlexiGroup subsidiary Certegy Ezi-Pay, which offers interest-free, point-of-sale retail financing using the slogan “There is nothing better than No Interest Ever!”.

It generates yield through buying the receivables at a discount and through fees FlexiGroup charges to the retailers that originate ...

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