On 13 May, Wisr began taking indications of interest for its debut consumer and personal loans asset-backed securities (ABS) deal, Freedom Trust 2021-1. The transaction is capped at A$225 million (US$173.6 million) and is expected to launch in the week beginning 17 May. National Australia Bank is arranger.
Intermediaries say factors including record pricing and the imminent end of the term funding facility supported a frenetic period of nonbank securitisation issuance from mid-April to early May. Deal flow was well absorbed by a market that has been undersupplied with new credit issuance.
Athena and Bluestone Mortgages say their whole-loan funding arrangement presents opportunities for both to grow sustainably and to leverage each other’s knowledge set. The strategic partnership will provide up to A$2 billion (US$1.6 billion) of whole-loan funding to Athena Home Loans over the next three years.