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FSA GROUP LIMITED — Capital/Financing Update 2024
Dec 11, 2024
64948_rns_2024-12-11_e271e3f2-ec3d-4691-92f9-ae1805dad032.pdf
Capital/Financing Update
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FSA GROUP LIMITED
12 December 2024
FSA Group prices $250 million ABS transaction
FSA Group is pleased to announce that it has priced a $250 million Asset Backed Securities (ABS) transaction, Azora ABS 2024-1P backed by automobile and equipment consumer and commercial receivables. This transaction is expected to settle in the third week of December, subject to the satisfaction of customary conditions precedent. This transaction marks FSA Group’s inaugural ABS transaction.
National Australia Bank Limited acted as Arranger for the transaction. Westpac Banking Corporation and National Australia Bank Limited acted as Joint Lead Managers.
FSA Group’s Executive Director Tim Odillo Maher said
“Our first ABS transaction is a significant achievement and endorsement of our loan origination and specialist servicing skills. Accessing the debt capital markets, as we did in 2019 with our inaugural RMBS transaction, are key steps in our strategy of diversifying our funding. More importantly, it provides us with fresh funding capacity to pursue our growth strategy over the next few years. We thank National Australia Bank Limited, Westpac Banking Corporation and all of our fixed income investors who participated in this inaugural transaction”.
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This ASX announcement has been authorised for and on behalf of the FSA Group Board by: Tim Odillo Maher, Executive Director
For more information, please contact: Tim Odillo Maher Executive Director +61 2 8985 5090 [email protected]
FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: 1300 660 032 Fax: 1300 660 050
ASX Code: FSA