Latitude launches personal loans ABS deal

On 19 February, Latitude Financial Services (Latitude) launched its personal loans asset-backed securities (ABS) deal, Latitude Australia Personal Loans Series 2020-1 Trust. Indicative total volume for the deal, which is expected to price on 14 February, is A$500 million (US$335.1 million). Westpac Institutional Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia and National Australia Bank.