FleetPartners mandates FP Turbo Series 2025-1 ABS
- Thursday, 19 June 2025
Disclosure type: mandate
Issue name: FP Turbo Series 2025-1 Trust
Sponsor: FleetPartners
Announcement date: 19 June 2025
Expected launch/pricing date: week beginning 7 July 2025
Investor meetings/call: beginning 24 June 2025
Arranger: ANZ
Lead managers: ANZ, Commonwealth Bank of Australia, Westpac Institutional Bank
Transaction type: asset-backed securities
Collateral type: auto loans
Indicative volume: capped, A$400 million (US$258.6 million)
FP Turbo Series 2025-1 Trust indicative structure and initial price guidance
| Class | Indicative volume (A$m) | Expected rating | Initial credit support (per cent) | WAL (years) | Indicative margin (bp/1m BBSW) |
|---|---|---|---|---|---|
| A1 | 256.0 | Aaa | 16 | 1.7 | ND |
| A1-G | 80.0 | Aaa | 16 | 1.7 | ND |
| B | 20.8 | Aa2 | 10.8 | 2.7 | ND |
| C | 14.0 | A2 | 7.3 | 2.7 | ND |
| D | 5.6 | Baa2 | 5.9 | 2.7 | ND |
| E | 3.6 | Ba1 | 5.0 | 2.7 | ND |
| Seller | 20.0 | NR | 0 | 3.2 | retained |
Source: ANZ 19 June 2025
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