Securitisation confidence builds with ME Bank and Capital Finance launches

Signs of returning confidence in Australia's asset-backed security (ABS) market are continuing with two deals set to price in the next week. Capital Finance, an Australian subsidiary of the British banking group Lloyd's, will issue A$621.3 million (US$574.7 million) in a debut auto loan deal to price by November 17 while ME Bank has launched its third residential mortgage-backed security (RMBS) deal of 2009, with pricing expected by the same date.