Updates5 August 20213 minute read

Plenti prices inaugural ABS transaction

Plenti Group Limited is pleased to announce the pricing of its inaugural asset-backed securities transaction, through which it is issuing $306.3 million of notes to investors backed by secured automotive loan receivables.

  • $306.3 million ABS transaction priced 
  • 87.8% of the notes are expected to be rated Aaaby Moody’s 
  • 0.97% dayone weighted-average marginabove one-month BBSW on notessold
  • Plenti equity contribution reduced to 0.50% of the loan receivables

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Written byTeam Plenti
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