MoneyMe Launches Over AU$365 Million Personal Loan ABS Deal

MT Newswires Live05-15

MoneyMe (ASX:MME) has executed a AU$365.4 million personal loan asset-backed securities (ABS) transaction, with settlement expected on May 21, according to a Friday Australian bourse filing.

The deal securitizes personal loan receivables from the company's lending products and represents its third public capital markets issuance in the fiscal year, taking total ABS issuance to AU$1.02 billion, per the filing.

The notes were allocated to new and existing investors, with participation from both domestic and offshore investors, the filing said.

The class A notes, representing 63% of the pool along with the commission notes, received expected "AAA" ratings from Fitch Ratings and were priced at 120 basis points over the 1-month bank bill swap rate, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment