Macquarie Bank prices PUMA 2015-3 RMBS refinancing
- Wednesday, 29 July 2020
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
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Reflect and reposition
After hopefully overcoming the worst of the COVID-19 pandemic, the Australian securitisation industry is taking stock of a period of resilience and a reshaped competitive landscape. Top of mind for market participants are the way crisis response has changed the cost of funding unevenly for different issuer types and mooted changes to responsible-lending rules.
Metro Finance launches 2020-2 ABS deal
On 10 December, Metro Finance launched its auto and equipment asset-backed securities (ABS) transaction, Metro 2020-2. Indicative total volume for the deal is A$300 million (US$223.2 million), with the ability to increase to A$400 million, and is expected to price on the day after launch. National Australia Bank is arranger and lead manager alongside Deutsche Bank.