Wisr has priced its fifth asset-backed securities (ABS) transaction, the $250 million Wisr Freedom Trust 2025-1, achieving a weighted average margin of 1.39% over one-month BBSW.
The ASX-listed company said the transaction significantly reduces its cost of funds compared with the Wisr Warehouse (WH1) facility and unlocks new lending capacity.
The deal includes eight tranches, with the senior Class A tranche rated AAA by Moody’s. National Australia Bank (NAB) acted as arranger, dealer, and lead manager.
Wisr confirmed the ABS structure released around $7.5 million in cash due to a lower equity requirement. The deal also created an additional $250 million of lending capacity in WH1.
The transaction brings Wisr’s total securitisation issuance to $1.125 billion. Its four prior ABS transactions were also arranged by NAB and achieved AAA Moody’s ratings on the senior tranches.
The company also strengthened its funding base earlier in 2025, securing a $267m facility with Barclays Bank in May, lifting total warehouse commitments to $917m with $287m still available.
Florian Ruff (pictured), head of funding and treasury at Wisr, said the transaction highlighted growing confidence in the lender’s model.
“We’re very pleased with the strong investor support for Wisr’s fifth ABS transaction,” Ruff said. “The Wisr Freedom Trust 2025-1 will further diversify our funding platform, reduce our cost of funds, and create $250m of additional capacity in WH1 to support our growth ambitions.”
“This milestone, following the successful execution of our third warehouse facility with an initial $267m commitment in May 2025, underscores the confidence that leading institutions have in our business model, technology-led approach, and the high-quality outcomes we deliver for all stakeholders.”
See the Wisr announcement on the company’s Investor Hub.
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