Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds. Rigorous scientific criteria ensure that it is consistent with the 2 degrees Celsius warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

FlexiGroup

 

 

FlexiGroup Ltd is an Australian and NZ consumer and SME leasing company and issuer of ABS backed by portfolios of consumer receivables. Flexigroup has its own origination platform for this transaction via the wholly owned subsidiary Certegy Ezi-Pay.

 

 

 

In April 2016 FlexiGroup issued the first Climate Bonds Certified Asset Backed Security (ABS). The proceeds were allocated to refinancing residential rooftop solar PV systems. This was the first asset backed green bond in Australia.

 

In March 2019, Flexigroup issued their 4th issuance. This AUD 90 million issuance received an AUD 10 million investment from Australia's Clean Energy Finance Corporation, a state backed Green Bank, in order to expand their residential rooftop solar battery energy storage systems. 

 

 

 

 

 

NAME OF BOND

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION

Flexi ABS Trust 2016-1 Class A2-G Notes

(note REDEEMED July 2017)

April
2016
Asset backed securities AUD 50m (USD 39m) Fully Redeemed July 2018 Australia Solar

DNV.GL pre issue report

DNV GL post issue report

 

Blog

Summary Sheet

Flexigroup Press Release

Certegy EZ-Pay

Flexi ABS Trust 2017-1 Class A2-G Notes

(note REDEEMED in July 2019)

Feb 2017 Securitised bond AUD 50m (USD 38m) Fully Redeemed July 2017 Australia Solar

DNV GL pre issue report

DNV post issue report

   
Flexi ABS Trust 2018-1 Class A2-G and Class B-G ABS Notes May 2018 Asset backed securities  AUD 81.3m (USD 61.7m) multiple Australia Solar DNV GL pre issue report  

Flexigroup press release

2018 Green Bond Framework

Flexi ABS Trust 2019-1

A2-G Notes, B-G Notes, C- Notes

March 2019 Asset backed securities

AUD 90.9m (USD 65m)

5 years Australia Solar

DNV GL pre issue report

DNV GL post issue report

 

News article

Flexigroup press release

Flexi ABS Trust 2019-2

A1-G Notes, B-G Notes, C-G Notes D-G Notes E-G Notes

November 2019 Asset backed securities

AUD 102.82m

(USD 70m)

up to 31 years Australia Solar      

 

 

 

 

 

 

 

Note: As with all Climate Bond Certifications, the green bond has been verified by a third party as complying with the overarching Climate Bonds Standard (an assessment process for the management and allocation of proceeds) as well as asset specific eligibiltiy criteria (covering the technical aspects of the green assets).

 

 

Asset backed securities