Thursday, 02 August 2018

FlexiGroup NZ launches Q Card Trust ABS deal

On 3 August, FlexiGroup New Zealand (FlexiGroup NZ) launched its Q Card Trust 2018-1, asset-backed securities (ABS) transaction. The deal has indicative total volume of NZ$150 million (US$101.1 million), including the NZ$58 million refinancing of the Class A notes from its 2014-3 transaction. The Class A notes may be split into multiple series with differing final maturities. 

Monday, 18 June 2018

FlexiGroup plans Q Card Trust ABS deal

On 19 June, FlexiGroup revealed plans for a possible New Zealand dollar denominated asset-backed securities (ABS) transaction from its Q Card Trust programme. BNZ and Westpac New Zealand have been mandated to engage institutional investors regarding the potential deal.

Wednesday, 09 May 2018

FlexiGroup expands its investor base with first subordinated green tranche

FlexiGroup became the first issuer in the Australian market to include green subordinated notes in an asset-backed securitisation (ABS) deal with its latest transaction. Deal sources say the expansion of green tranches into the double-A rating space is a continuation of FlexiGroup’s plan to broaden its investor base through the issuance of green product.

Tuesday, 01 May 2018

FlexiGroup launches ABS deal including green tranches

On 1 May, FlexiGroup launched its asset-backed securities (ABS) transaction, Flexi ABS Trust 2018-1, for an indicative A$300 million (US$226 million). KangaNews understands the structure includes two green tranches, Class A2-G and Class B-G notes, which have a combined indicative volume of A$81.3 million.

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