Flexigroup to sound investors on ABS deal

On 30 October, flexigroup mandated Commonwealth Bank of Australia and National Australia Bank to engage investors in Sydney and Melbourne beginning 6 November regarding a potential asset-backed securities (ABS) deal, Flexi ABS Trust 2019-2. Total indicative volume for the transaction is A$232.75 (US$159.9 million) and is expected to include green tranches. Fitch Ratings and Moody's Investors Service released expected ratings for the transaction on the same day.