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Eclipx Group Prices A$300m Australian Asset Backed Securitisation

10 Mar 2021  |  11:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Eclipx Prices Australian Asset Backed Securitisation

Eclipx Group priced its sixth Australian asset backed securitisation (ABS), FP Turbo Series 2021-1 Trust, a A$300m ABS backed by Australian operating, finance and novated finance lease receivables originated by Company. The ABS issuance will reduce the cost of funds on the portfolio of assets funded by this transaction and represents a further validation of the strength of the Group's core competencies arising from 33+ years of credit underwriting and residual value risk management experience.

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