MoneyMe (ASX:MME) executed an asset-backed securities deal with AU$202.8 million term securitization of personal loan assets with the MME PL 2025-1 Trust, according to a Thursday Australian bourse filing.
The class A notes were rated "AAA (sf)" by Fitch Ratings, and the notes were priced at 110 basis points over one-month bank bill swap rate.
The personal loan assets were originated by MONEYME and SocietyOne. Westpac (ASX:WBC, NZE:WBC) acted as the arranger, and Westpac, Deutsche Bank, and Natixis acted as joint lead managers. The settlement is scheduled to occur on Thursday.
Its shares rose 4% in recent trading on Thursday.