Plenti Group Prices AU$509 Million Asset-Backed Securities Deal

MT Newswires Live

Feb 07, 2025

Plenti Group (ASX:PLT) priced a AU$509 million asset-backed securities transaction backed by prime automotive loan receivables, according to a filing with the Australian bourse on Friday.

The transaction is expected to settle on or around Feb. 13.

National Australia Bank (ASX:NAB) acted as arranger for the deal, while BofA Securities, National Australia Bank and Westpac Banking (ASX:WBC, NZE:WBC) acted as joint-lead managers.

The transaction saw strong demand from both domestic and offshore investors, the filing noted. The weighted average note margin was around 25 basis points lower than the equivalent automotive asset-backed securities transaction in 2024.

The total issuance across Plenti's public securitization programs exceeded AU$3.4 billion.

Plenti Group's shares fell past 1% in early trading on Friday.

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The weighted average note margin was around 25 basis points lower than the equivalent automotive asset-backed securities transaction in 2024.</p><p>The total issuance across Plenti's public securitization programs exceeded AU$3.4 billion.</p><p>Plenti Group's shares fell past 1% in early trading on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509731733","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509731733","pubTimestamp":1738888478,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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