Briefs: Heartland joins AFG panel, Eclipx prices ABS

Banking Day staff
  • Mortgage aggregator AFG has added Heartland Group’s reverse mortgages to its panel. Heartland claims to be the biggest reverse mortgage lender in Australia, with a 26 per cent share. Its receivables grew by A$149.1 million to $957 million in the year to June – an 18.4 per cent increase.

 

  • Vehicle leasing and fleet management company Eclipx Group has securitised a portfolio of novated finance lease receivables, raising A$300 million with its sixth asset-backed securitisation. The senior notes, worth $240 million, were priced at 63 basis points over the one-month bank bill swap rate. Eclipx said the issue would lower its cost of funds.