Prospa Group Ltd. (AU:PGL) has released an update.
Prospa Group Ltd. has successfully priced its third public asset-backed securities offering, raising AUD $200 million from wholesale investors with a diversified note class structure. The offering, backed by a portfolio of Australian small business loans, attracted strong investor support and is set to enhance Prospa’s position in the securitisation market. The transaction is expected to settle on April 11, 2024, with National Australia Bank, Societe Generale, and Westpac Banking Corporation as Joint Lead Managers.
For further insights into AU:PGL stock, check out TipRanks’ Stock Analysis page.
