Wingate Consumer Finance (WCF) is a subsidiary of the Wingate Group. Known in the market as NOW FINANCE, WCF has become one of Australia’s leading non-bank personal lenders; originating and funding more than $500 million in loans since its inception.
Wingate is pleased to announce that WCF has priced and printed its first public, asset-backed securitisation transaction, receiving substantial demand from institutional investors. The oversubscription was evidenced by circa $500 million demand for $196 million in available placement.
This milestone transaction means that WCF’s current range of banking and funding partners are joined by twelve additional domestic and international institutional investors, supporting a truly diverse and efficient institutional grade funding platform. This being further testament to the strength, rigour and risk focus evident within the Wingate Group.