Zip mandates new ABS transaction

Friday, 19 March 2021

On 19 March, Zip Co revealed plans for a new asset-backed securities (ABS) transaction under its Zip Master Trust programme. National Australia Bank will engage investors. On the same day, Moody’s Investors Service assigned provisional ratings to the deal.

Zip Master Trust Series 2021-1 provisional ratings

Tranche	Indicative volume (A$m)	Provisional rating
A1	200.75	Aa2
A2	38.3	Aa2
B	35	A2
C	21	Baa2
D	14	Ba2
E	8.75	B2
F	14.7	NR
G	17.5	NR

Source: Moody's Investors Service 19 March 2021