Flexigroup launches Flexi ABS Trust 2020-1 transaction

On 20 October, flexigroup launched its new asset-backed securities (ABS) deal, Flexi ABS Trust 2020-1. Total capped volume for the transaction is A$250 million (US$176.4 million) and is expected to price on 22 October. Commonwealth Bank of Australia is arranger and joint lead manager alongside National Australia Bank.