Australia's WISR surges on pricing of ABS transaction

WISR

06/12/2023 04:16

** Shares of WISR  WZR.AX  rise 26.8% to A$0.024, their
highest level since Nov. 20
    ** Stock on track for best day since June 16, 2020, if gains
hold
    ** Consumer lending services provider announces pricing of
A$200 mln ($131.8 mln) fourth asset-backed security (ABS)
transaction
    ** Says transaction will decrease cost of funds and increase
funding capacity
    ** Around 2.2 mln shares change hands, compared with the
30-day average volume of 1.2 mln shares
    ** Including session's gains, stock cuts YTD loss to 57.4%


($1 = 1.5165 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))