Flexigroup flags redemption of Class A Q Card notes

On 29 July, flexigroup revealed, via Westpac New Zealand, that it will redeem NZ$93 million (US$61.9 million) of Class A notes from its Q Card Trust programme. The notes are from the issuer’s 2017-2 and 2018-1 Q Card transactions and have a soft bullet maturity of 17 August. The redemption will be funded through principal collections and the issuance of variable funding notes.