On-The-Go Vehicle Finance ZAR3 billion ABS programme

Overview:

• Absa Corporate and Investment Bank, a division of Absa Bank, acted as arranger for the creation of the On-The-Go Vehicle Finance ZAR3 billion asset backed securities (ABS) programme. 
• The transaction was backed by South African government subsidies. 
• This was the first time an automotive asset class has been used in an ABS transaction in South Africa.

John Crabb - Journalist