FIIG - The Fixed Income Experts
zipMoney - FIIG Securities Debt Funding

Warehouse Funding: debt markets support securitisation and growth

Zip Co Limited (“Zip”) is an ASX listed (ASX: Z1P) non-bank finance company competing primarily with traditional bank consumer finance, targeting the retail, health, education and travel sectors. Zip offers both online and in-store point-of-sale retail finance and digital payment services to consumers of enterprise and SME merchants. Zip provide consumers with two types of revolving line of credit products with either full (Zip Pay) or initial (Zip Money) interest free terms, more commonly known as a ‘buy now, pay later’ solution for consumers.

As part of their ongoing funding requirements, Zip issued $30m in new Class B Notes to refinance and redeem the existing Class B Notes in the zipMoney Trust 2017-1 which extends the warehouse for a further two years. The extension of the program provides Zip with the flexibility to maintain growth and complements the existing funding sources of Zip.

Zip is the latest non-bank financial services business to utilise the bond market to broaden its capital base. FIIG has provided a range of funding solutions to the sector, including:

  • Traditional securitisation structures;
  • Corporate style senior facilities, including acquisition of loan books;
  • Funding diversification including refinancing and/or expansion of existing funding lines; and
  • Optimising capital structure through a range of terms including terms of greater than 4 years, fixed or floating rate, secured and unsecured.
Talk to us
James Vance Director, Debt Capital Markets
James Vance
Director, Debt Capital Markets

(02) 9697 8741
James.Vance@fiig.com.au

FIIG Debt Capital Markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.9bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, flexible AUD bond financing for rated and unrated Australian and New Zealand corporates. The DCM team also provides debt advisory services focused on optimising capital structures and diversifying funding options.

zi

If you would like to learn more about how FIIG can assist in the growth of your business, please visit www.fiig.com.au/debt-issuers/DCM or contact James Vance.

 Contact James Vance on
(02) 9697 8741