Eclipx Group Ltd. (AU:FPR) has released an update.
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FleetPartners Group has successfully priced a A$400 million asset-backed securitization, marking its eighth issuance in Australia, which includes a pioneering green tranche for electric vehicle leases certified by the Climate Bonds Initiative. This achievement highlights the company’s expertise in credit underwriting and residual value risk management, spanning over 35 years. The deal, signifying a commitment to sustainable investment, is set to settle on May 15, 2024, with major Australian banks acting as Joint Lead Managers.
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