Pricing details for Angle Asset's A$250 million Radian 2023-2 ABS

Tuesday, 12 September 2023

Issue name: Radian Trust 2023-2P
Sponsor: Angle Asset Finance
Pricing date: 11 September 2023
Settlement date: 14 September 2023
Arrangers and lead managers: National Australia Bank, Standard Chartered Bank
Transaction type: asset-backed securities
Collateral type: auto and equipment receivables
Volume: A$250 million (US$161 million)

Radian Trust 2023-2P pricing details

Tranche	Volume (A$m)	Expected rating	WAL (no. of years)	Credit support (per cent)	Margin (bp/1m BBSW)
A	196	Aaa	1.9	21.6	150
B	17.5	Aa2	2.4	14.6	260
C	10	A2	2.4	10.6	320
D	6.75	Baa2	2.4	7.9	400
E	7.25	Ba1	2.4	5	675
F	3	B1	2.4	3.8	ND
G	2.5	B2	2.4	2.8	ND
Seller	7	NR	3	N/A	ND

Source: National Australia Bank 11 September 2023