On 1 October, Liberty Financial (Liberty) launched its small-ticket commercial loans SME asset-backed securities (ABS) deal, Liberty 2019-1 SME. The deal has total indicative volume of A$400 million (US$268.2 million), with the potential to upsize, and is expected to price on or before 3 October. Westpac Institutional Bank is arranger for the transaction and joint lead manager alongside Credit Suisse and Bank of America Merrill Lynch.