ASX:MME

2 stories mentioning ASX:MMEUpdated 39d ago

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MoneyMe Launches Over AU$365 Million Personal Loan ABS Deal

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.

ASX:MME

Asia62d ago

MoneyMe Posts 43% Rise in Fiscal Q3 Loan Originations; Shares Up 12%

MoneyMe (ASX:MME) said loan originations for the fiscal third quarter reached AU$325 million, up 43% from AU$227 million a year earlier, with the loan book growing 29% to AU$1.9 billion, according to a Wednesday Australian bourse filing.The company said gross revenue for the three months to March 31 was AU$62 million, up 17% from AU$53 million in the prior corresponding period, with risk-adjusted net interest margin improving to 2.4% from 1.6%.Net credit losses improved to 2.6% from 3.7%, while 90-plus day arrears decreased to 84 basis points from 131 basis points in the prior corresponding period, the filing added.The company's shares rose almost 12% in recent Wednesday trade.

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