1.5% vs their current 3.5% cost of funds on $225m
that means a $4.5m annual saving, plus it frees up balance sheet, plus lowers their on going cost of warehouse funding.
very rare that a non bank can securities this type of thing, with a AAA rating and a at such a rate.
this is very good news in my opinion. Huge validation too.
Ann: WZR Prices Inaugural ABS Transaction with AAA Rating, page-4
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Mkt cap ! $37.27M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $8.691K | 320.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 188529 | 2.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 299956 | 1 |
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