MONEYME has successfully executed its first public asset-backed securities (ABS) deal for FY25, pricing a $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 $114.81 million Class A Notes with an Aaa (sf) rating, reflecting strong market demand and high-quality assets.
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.
