MoneyMe Executes AU$455.4 Million Auto Asset-Back Securities Transaction
MT Newswires Live
Nov 21
MoneyMe (ASX:MME) executed a AU$455.4 million auto asset-backed securities transaction with the MME Autopay ABS 2025-1 Trust, according to a Friday Australian bourse filing.
Settlement is due to occur on Nov. 27. The notes were allocated to new and existing investors, with both domestic and offshore investors participating in the transaction.
The class A1 notes, accounting for 78% of the pool, and the Commission notes were assigned expected AAA (sf) ratings from both Fitch Ratings and S&P Global.
Deutsche Bank acted as the arranger, and Deutsche Bank AG, JP Morgan, and Westpac served as joint lead managers.
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