Eclipx launches FP Turbo ABS deal

On 2 December, Eclipx Group (Eclipx) launched its auto asset-backed securities (ABS) deal, FP Turbo Series 2019-1. Total indicative volume for the deal is A$450 million (US$304.4 million), with pricing expected on or before 6 December. Westpac Institutional Bank is arranger and joint lead manager alongside ANZ, Commonwealth Bank of Australia, Macquarie Bank and National Australia Bank.