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PLENTI GROUP LIMITED — Capital/Financing Update 2021
Aug 12, 2021
65577_rns_2021-08-12_112cb1f3-9862-4b83-af41-da53fb17f2d6.pdf
Capital/Financing Update
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ASX RELEASE
13 AUGUST 2021
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Plenti confirms settlement of inaugural ABS transaction
Plenti Group Limited ( Plenti or the Company ) is pleased to confirm the settlement of its inaugural asset-backed securities ( ABS ) transaction, which was announced on 5 August 2021.
Highlights
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$306.3 million ABS transaction settled
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87.8% of the notes rated Aaa by Moody’s
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0.97% day one weighted-average margin above one-month BBSW on notes sold
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Plenti equity contribution reduced to 0.50% of the loan receivables
ENDS
This release was approved by the Chief Executive Officer on behalf of the Plenti board of directors. For more information please contact:
| Daniel Foggo | Miles Drury | Julia Lefort | ||
|---|---|---|---|---|
| Chief Executive Officer | Chief Financial Officer | Head of Corporate Affairs | ||
| [email protected] | [email protected] | |||
| 0415 661128 |
About Plenti
Plenti is a fintech lender, providing faster, fairer loans through smart technology.
We offer award-winning automotive, renewable energy and personal loans, delivered by proprietary technology, to help creditworthy borrowers bring their big ideas to life.
Since establishment in 2014, our loan originations have grown consistently, supported by diversified loan products, distribution channels and funding, and underpinned by our exceptional credit performance and continual innovation.
For more information visit plenti.com.au/shareholders
Plenti Group Limited ABN 11 643 435 492