← Marketplace
Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Australian Auto ABS Series 2027-1 — the underlying real asset securing this offering.
1/3
Slide 1 of 3: The asset. Australian Auto ABS Series 2027-1 — the underlying real asset securing this offering.
OpenConsumer credit · Sydney CBD, NSW
Australian Auto ABS Series 2027-1
Australian Auto ABS Series 2027-1 provides illustrative exposure to consumer credit through class b rated notes originated by Meridian Securitisation in Sydney CBD, NSW. Demonstration data prepared to show how the Democratise marketplace presents asset-backed securities offerings.
AABS-27ERC-3643 (permissioned)Canton NetworkFIRB pre-screenedConsumer credit exposureAustralian domiciledInvestment-grade profile
Key metrics
- Target raise
- A$75M
- Target yield
- 9.3% p.a.
- Term
- Open ended
- Risk band
- A
- Jurisdiction
- Australia — NSW
- Settlement
- Canton Network
Use of proceeds
- Fund asset-backed securities acquisition and development costs
- Establish debt service and liquidity reserves
- Transaction, structuring and compliance costs
Structure
- Sponsor
- Meridian Securitisation
- Trustee
- Equity Trustees
- Custodian
- Zodia Custody
- Instrument
- Class B rated notes
- Ranking
- Second ranking secured
- LTV
- 70%
- DSCR
- 1.30x
- Maturity
- Open-ended
Related