Flexigroup prices $300m asset-backed securities

Company News

by Rachael Jones

FlexiGroup (ASX:FXL) has announced the pricing of $300 million asset-backed securities, originated by Certegy Ezi-Pay Pty Ltd a wholly owned subsidiary of FlexiGroup.

It’s supported by a pool of Australian unsecured, retail, 'no interest ever' payment plans.

This is the eleventh securitisation for the financial services group under the Flexi ABS program and the eighth securitisation of Certegy receivables since the first issuance in 2011.

Solar funding has represented a significant portion of the Certegy business for several years and is one of their strongest industries.

This gives new and existing investors the opportunity to directly support environmentally sustainable industries.

Shares in FlexiGroup (ASX:FXL) are down 0.5% to $2.01
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.