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Eclipx releases guidance for NZ$250m FP Ignition ABS

Credit: REUTERS/© Dennis Owen / Reuters

Eclipx Group, through its subsidiary Eclipx Fleet Holdings (ECX), has released initial guidance for the no-grow NZ$250m (US$161m) FP Ignition Series 2019-1 ABS offering, expected to launch and price next week.

SYDNEY, Sept 12 (IFR) - Eclipx Group, through its subsidiary Eclipx Fleet Holdings (ECX), has released initial guidance for the no-grow NZ$250m (US$161m) FP Ignition Series 2019-1 ABS offering, expected to launch and price next week.

ANZ and Westpac are joint lead managers.

Class

Amount NZD

Rating F/M

WAL

support

Talk BKBM+

Status

A

163m

AAA/Aaa

1.4

34.80%

110-110

Available

B

12.75m

AA/Aa2

1.89

29.70%

200a

100% preplaced

C

21.75m

A

1.89

21%

250a

100% preplaced

D

15m

BBB

1.89

15%

350a

80% preplaced

E

17.5m

BB

1.89

8%

550a

80% preplaced

F

5m

B

2.58

6%

750a

100% preplaced

G

2.5m

2.58

5%

Retained

Originator

12.5m

2.58

Retained

Eclipx Group, a diversified Antipodean financial services company, previously issued a NZ$224.4m auto loan trade through FP Ignition Series 2017-B Trust in June 2017.

(Reporting by John Weavers; Editing by David Holland)

((john.weavers@thomsonreuters.com; 612 9373 1655; Reuters Messaging: john.weavers.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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