Australia's largest specialist fixed-income dealer, FIIG Securities, has introduced another growing financial sector company, zipMoney Ltd, to its sophisticated investor base. This time FIIG was the sole lead arranger for the sale of A$40 million Class B Notes on behalf of the ASX-listed digital consumer finance firm zipMoney. The transaction was part of a broader $260 million asset-backed securitisation warehouse program for Zip's consumer receivables. To complete the program FIIG Securities arranged $40 million of Class B mezzanine notes to complement $200 million in senior bank funding and $20 million in junior notes and equity. The firms involved said the program was the next step in establishing a diversified funding program for zipMoney, one that provides headroom for growth and lowers the average cost of funds for the largely online sales business."Including bonds in a company's funding mix increases flexibility and reduces reliance on just one or two sources of capital," said John Ricciotti, FIIG Securities head of debt capital markets.These Class B notes offer a floating return of six per cent over monthly BBSW until the scheduled maturity date in May 2019, stepping up to seven per cent over BBSW if the notes are not called at this time.According to FIIG, the Class B Notes offer closed oversubscribed and received strong institutional support, with over 400 investors participating in the transaction.FIIG also has more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.