FleetPartners Group (ASX:FPR) said that a AU$400 million asset-backed securitization, FP Turbo Series 2025-1 Trust, backed by Australian operating, finance, and novated finance lease receivables originated by the firm, was priced, according to a Tuesday Australian bourse filing.

Settlement is expected to occur on July 15. Australia and New Zealand Banking Group (ASX:ANZ, NZE:ANZ), Commonwealth Bank of Australia (ASX:CBA), and Westpac Banking (ASX:WBC, NZE:WBC) acted as the joint lead managers for the transaction.

The class A1 was priced at AU$256 million, with a margin of 1% over one-month bank bill swap rate (BBSW), the class A1-G was priced at AU$70 million, with a margin of 1% over one-month BBSW, the class B was priced at AU$20.8 million, with a margin of 1.4% over one-month BBSW, the class C was priced at AU$14 million, with a margin of 1.7% over one-month BBSW, the class D was priced at AU$5.6 million, with a margin of 1.8% over one-month BBSW, and the class E was priced at AU$3.6 million, with a margin of 3.65% over one-month BBSW.

As part of the transaction, the firm will issue a green asset-backed securitization tranche, aligned with the International Capital Market Association green bond principles, which will exclusively fund leases for electric vehicles. This tranche has been certified as a "Climate Bond" by the Climate Bonds Initiative.

Its shares advanced over 1% in recent trading on Tuesday.