Liberty launches auto ABS transaction

On 28 January, Liberty Financial (Liberty) launched its auto asset-backed securities (ABS) deal, Liberty Series 2020-1 Auto. The forthcoming deal, which is expected to price 31 January, has total indicative volume of A$250 million (US$168.8 million), with the potential to upsize to A$300 million. National Australia Bank is arranger as well as joint lead manager alongside Bank of America Securities.