Eclipx prints A$330 million in FP Turbo Series 2016-1 Trust [UPDATED]

On December 14, Eclipx Group (Eclipx) printed A$330 million (US$247.2 million) in its first asset-backed securities (ABS) transaction since 2014. The A$165 million class A2 tranche priced at 120 basis points over one-month bank bill swap rate (BBSW) - the tight end of initial guidance of 125-130. Final pricing on the A$31.02 million class B tranche came in at 230 basis points over one-month BBSW, against initial guidance in the low 200s area.