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FINWIRES

MoneyMe Launches Over AU$365 Million Personal Loan ABS Deal

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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.

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