Motor Trade Finance (MTF) revealed on 30 August that it has started taking indications of interest for the Class A notes of its latest asset-backed securities (ABS) deal, MTF Sierra Trust 2017. The notes have indicative volume of NZ$194.04 million (US$140.85 million) and initial price guidance of in the area of 125 basis points over one-month bills for a weighted average life of 2.8 years.