FPR.ASX: FPR successfully prices Asset-Backed Securitisation

FPR successfully prices Asset-Backed Securitisation

Stock	Fleetpartners Group Ltd (FPR.ASX)
Release Time	8 Jul 2025, 2:12 p.m.
Price Sensitive	Yes

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FleetPartners Group successfully prices A$400m ABS

Key Points

FleetPartners prices 9th Australian asset-backed securitisation (ABS) for A$400m
Includes a green tranche to fund electric vehicle leases
Green tranche certified as 'Climate Bond' by Climate Bonds Initiative

Full Summary

FleetPartners Group ('FleetPartners' or 'Group') has announced the pricing of its ninth Australian asset-backed securitisation (ABS), FP Turbo Series 2025-1 Trust, a A$400m ABS backed by Australian operating, finance and novated finance lease receivables originated by FleetPartners. The transaction includes a green ABS tranche, aligned with the International Capital Market Association (ICMA) Green Bond Principles, which will exclusively fund leases for electric vehicles and has been certified as a 'Climate Bond' by the Climate Bonds Initiative. The pricing outcome reflects strong investor engagement and confidence in FleetPartners' well-regarded ABS programme, with the inclusion of the green tranche underscoring the Group's commitment to sustainability. The transaction was arranged with Australia and New Zealand Banking Group, Commonwealth Bank of Australia and Westpac Banking Corporation acting as Joint Lead Managers, with settlement expected on 15 July 2025.