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The latest update is out from Plenti Group Ltd. ( (AU:PLT) ).
Plenti Group Limited has successfully priced a $400 million asset-backed securities (ABS) transaction, backed by personal and renewable energy receivables. This marks Plenti’s second ABS transaction for 2025 and its tenth overall, with a record number of investors participating. The transaction, rated by Moody’s, reflects strong credit performance and achieved a lower weighted average margin on the notes compared to the previous year, despite market volatility. The transaction is expected to settle in early June 2025, with major banks acting as arrangers and joint-lead managers.
The most recent analyst rating on (AU:PLT) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Plenti Group Ltd. stock, see the AU:PLT Stock Forecast page.
More about Plenti Group Ltd.
Plenti is a fintech lender that provides faster, fairer loans using smart technology. It offers automotive, renewable energy, and personal loans through proprietary technology, aiming to support creditworthy borrowers. Since its establishment in 2014, Plenti has seen consistent growth in loan originations, supported by diversified loan products, distribution channels, and funding, with a focus on exceptional credit performance and continual innovation.
Average Trading Volume: 91,466
Technical Sentiment Signal: Buy
Current Market Cap: A$150M
See more data about PLT stock on TipRanks’ Stock Analysis page.