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Plenti Group Ltd. ( (AU:PLT) ) just unveiled an announcement.
Plenti Group Limited announced the pricing of a $509 million asset-backed securities (ABS) transaction, backed by prime automotive loan receivables, marking its first deal in the Australian securitisation market for 2025. The transaction attracted strong demand from both domestic and offshore investors, achieving better pricing levels compared to similar deals in 2024, with a significant reduction in the weighted average note margin. This success highlights Plenti’s robust position in the market and the effectiveness of its Treasury team in fostering relationships with global ABS investors.
More about Plenti Group Ltd.
Plenti is a fintech lender that offers faster, fairer loans using advanced technology. They provide automotive, renewable energy, and personal loans, leveraging proprietary technology to cater to creditworthy borrowers. Established in 2014, Plenti has achieved consistent growth in loan originations, supported by diverse loan products, distribution channels, and funding, while maintaining strong credit performance and continual innovation.
YTD Price Performance: 25.00%
Average Trading Volume: 102,792
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$149.4M
Learn more about PLT stock on TipRanks’ Stock Analysis page.
