Giving you all the latest in Stock Market Information as it happens...

25816,25805,25766,25763,25760,25756,25753,25751,25747,25745,

FlexiGroup $30m Challenger Placement Settlement

FlexiGroup Limited, settled a $30 million placement of rated notes to Challenger LifeCompany, as first announced on 17 August 2010. $27.8 million Class A notes have been assigned arating of AAA by Fitch Ratings, with $2.2 million Class B Notes assigned a AA rating. The notes will beissued by Perpetual Corporate Trust Limited, in its capacity as trustee for the Flexi ABS Trust 20101. The trustee has also entered into an interest rate swap with National Australia Bank Limited. This is FlexiGroup's first placement of rated asset backed securities and is consistent with FlexiGroup's strategy of diversifying its funding sources and moves FlexiGroup closer to accessing wholesale capital markets. FlexiGroup has committed funding capacity to support $1.3 billion in new business volumes over the next 2 years, and produced $535 million in new business volumes in FY10. These committed lines are in addition to any further placements which FXL may make in the future.