Metro Finance launches ABS deal
- Tuesday, 30 June 2020
On 30 June, Metro Finance launched a capped A$300 million (US$205.5 million) auto and equipment asset-backed securities (ABS) transaction, Metro Finance 2020-1 Trust. The forthcoming deal is expected to price on or before 2 July, according to arranger National Australia Bank, which is also joint lead manager with Deutsche Bank.
Metro Finance 2020-1 Trust
|Tranche||Indicative volume (A$m)||Expected ratings (M)||Weighted-average life (no. of years)||Initial credit enhancement (per cent)||Indicative price guidance (bp/1m BBSW)|
Source: National Australia Bank 30 June 2020