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Axsesstoday Group retail - June 2018

by Will Arnold | Jun 26, 2018

Axsesstoday Group (Axsess, Company) has issued AUD30m fixed rate 7.50% Notes due 2021 and AUD50m floating rate Notes due 2021. These bonds are now available to retail investors. 

We initiate our coverage on the bonds with an Outperform recommendation. Our credit outlook is Positive.

Axsesstoday is an ASX listed company. It provides commercial equipment and vehicle finance to small and medium businesses via a distribution channel of retailers and referrers. Axsess’ key strategic point of difference is that it can offer a white label product. This means referral partners can self-brand the offering, extending their corporate image. 

Please read the full research in the document below.