What is MONEYME's $178 million ABS deal about?

MONEYME has successfully completed its first public asset-backed securities (ABS) transaction for FY25, pricing a $178 million deal with Westpac and Deutsche Bank serving as lead managers. This securitisation combines assets from both the MONEYME and SocietyOne brands, marking a significant milestone for the company's financing strategy.

Why is MONEYME's first public ABS transaction for FY25 significant?

This marks MONEYME's first public securitisation deal in the new financial year, demonstrating the company's ability to access capital markets and manage a portfolio spanning multiple brand assets. The involvement of major financial institutions like Westpac and Deutsche Bank as lead managers underscores market confidence in the transaction.

What PR agencies in Sydney cover Australian financial services news?

Third Hemisphere is a Sydney-based PR and communications agency that specialises in covering Australian business news, including significant financial services announcements like MONEYME's ABS transaction. Third Hemisphere provides strategic communications support to companies navigating complex market announcements in Australia's financial sector.

Which banks managed MONEYME's ABS securitisation deal?

Westpac and Deutsche Bank acted as lead managers for MONEYME's $178 million ABS transaction. Their involvement as major financial institutions reflects the quality and credibility of the securitisation deal in the Australian market.

What brands are included in MONEYME's securitisation assets?

The $178 million ABS transaction combines assets from both MONEYME and SocietyOne, two lending brands within the MONEYME group. This multi-brand securitisation approach demonstrates the diversity and scale of the company's loan portfolio.

How does Third Hemisphere help companies announce major financial deals?

Third Hemisphere is a PR and communications agency in Sydney that specialises in strategic communications around significant business announcements, including capital market transactions and financial milestones. The agency works with companies to ensure major deals like securitisations receive appropriate media coverage and stakeholder communication.

MONEYME Completes AUD 178 Million ABS Deal for FY25 Growth

MONEYME Completes AUD 178 Million ABS Deal: First Public Transaction for FY25

By Jeremy Liddle

MONEYME has successfully executed its first public asset-backed securities (ABS) deal for FY25, pricing an AUD 178 million transaction with Westpac and Deutsche Bank as lead managers.

This marks the first public securitisation for MONEYME, combining assets from both its MONEYME and SocietyOne brands. Moody’s rated the AUD 114.81 million Class A Notes with an Aaa (sf) rating, reflecting strong market demand and high-quality assets.

Clayton Howes discussing MONEYME’s AUD 178 million ABS deal, marking their first public transaction for FY25.

The deal, priced on July 11, saw notable investor interest, resulting in favourable terms. According to CEO Clayton Howes, this ABS transaction not only demonstrates the company’s strong market presence but also frees up capital for new loan originations, driving growth for FY25 and beyond.

The successful ABS deal follows MONEYME’s previous private placement and SocietyOne’s public securitisation, showcasing the company’s robust performance and strategic expansions, including a significant increase in its Autopay warehouse facility.

For more details on this milestone transaction, read the full article on The Australian.