We have recently completed our latest, and largest-ever asset-backed securities (ABS) transaction. This deal was particularly special for the Allied team for a few reasons:
– The A$1,035 billion transaction was our largest-ever – more than double the size of our largest previous deal – and was supported by both domestic and overseas investors;
– The size was driven by our ongoing growth in new retail business and the accreditation of new dealer partners; and
– We now have ratings from two credit agencies and reporting compliance with the European Securities and Markets Authority that will help expand the investor base for future ABS transactions. Our Group Treasurer, June McFadyen, spoke to KangaNews on the details of this transaction and what it means for Allied Credit moving forward.
Overall, we see the success of this transaction is the result of a great Allied team effort and demonstrates the trust in our brand as we continue to originate and safely manage high-quality business.
