Allied Credit has successfully completed its A$957 million 2025-2 Asset-Backed Securities (ABS) transaction, upsized from A$750 million following strong investor demand.
Backed by a A$925 million pool of automotive receivables, Chief Financial Officer Matt Devine said, “The successful execution of this transaction reinforces Allied Credit’s high quality and sustainable funding program and the attractiveness of our business to both domestic and offshore investors.”
Group Treasurer David Bleakley added, “Momentum was strong from the outset, with robust pre-placement interest and large indications of demand.”
Initial price view of 95bps area for the senior notes quickly tightened, with final margins set at 87bps — marking the tightest Auto ABS senior spread since Q1 2022. Order books were significantly oversubscribed across the structure, supporting the upsize to A$957 million.
A key highlight of the transaction was the participation of 12 new investors, a direct outcome of Allied Credit’s refreshed investor engagement program launched less than a year ago.
Offshore accounts represented nearly 65% of the final book, underscoring the growing international appeal of the Allied Credit portfolio.
Allied Credit extend its thanks to arranger, Bank of America, and joint lead managers – Bank of America, ING, Macquarie, NAB, SocGen, and Westpac – and to all participating investors for their continued support of the Allied Credit program.
