Zero interest consumer loan receivables ABS priced by FlexiGroup [UPDATED]
- Friday, 17 June 2011
FlexiGroup has issued a A$133 million (US$140 million) asset-backed securities (ABS) transaction supported by a pool of consumer loans made by its Certegy Ezi-Pay division. The deal, Flexi ABS Trust 2011-1 (Flexi 2011-1), is the first large-sized securitisation of retail receivables in Australia since the financial crisis, although there have been two auto loan-based issues this year.
