New Zealand sees ABS activity with Fleet NZ deal [UPDATED]
- Thursday, 29 September 2011
Fleet Partners' New Zealand subsidiary, Fleet Holdings NZ (Fleet NZ), has completed its debut asset-backed securities (ABS) transaction in the form of a NZ$300 million (US$227.9 million) private placement, bought by ANZ National, Bank of New Zealand and Westpac Banking Corporation. The deal is just the third securitisation in New Zealand in the financial crisis era and the country's first non-mortgage deal.
