ScotPac, Australia’s largest non-bank SME business lender, today announced the successful pricing of its $250 million asset-backed securitisation (ABS).
The transaction follows ScotPac’s ABS issuance in February 2024, which marked the Company’s first ABS issue.
The pricing of this transaction was tighter than the initial ABS despite the continued volatility and high volumes in the market.
ScotPac Treasurer, Bridget Keating, said: “this latest securitisation further enhances the diversity and scale of our funding base and strengthens our capital efficiency.
“We wish to acknowledge the continued support of our existing investors and welcome the new suite of investors to ScotPac’s funding programme.”
ScotPac CEO Jon Sutton added: “We are delighted with the strong investor response to our second ABS issue which demonstrates the continued strength of the ScotPac brand and our business model.
“This transaction further strengthens our funding capacity to support our ongoing commitment to providing innovative funding solutions to our customers.”
Citi was arranger to the transaction with Citi and NAB joint lead managers. .
For more information contact: Todd Hayward, Mob: 0412 205 151