FleetPartners launched their inaugural issue of Asset-Backed Securities through the auto receivables Programme FP Turbo Series 2010-1 in September 2010.
The issue was named FP Turbo Series 2010-1 Trust and comprised six tranches to raise AU$178.8M. The Class A1, A2 and B Notes were offered to the market, with the remaining Notes being held by private investors and FleetPartners.
The receivables collateral is a closed pool of auto receivables, which comprised:
- 81% of Novated leases and 19% of Finance leases;
- 5, 426 contracts with an average contract size of AU $32,430;
- A weighted average term to maturity of 27.2 months; and
- New vehicles representing 82% of the portfolio
Please refer below for recent monthly surveillance reporting packs.
Further information is available from: Andrew Demura, Group Treasurer FleetPartners, ph: +61-3-8416 5486
Trust Portfolio Summary and Stratifications - December 2011
Trust Surveillance Reporting - December 2011
Trust Portfolio Summary and Stratifications - November 2011
Trust Surveillance Reporting - November 2011