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.