Wisr preparing debut ABS transaction

On 4 May, Wisr Finance mandated National Australia Bank to engage investors, beginning 5 May, regarding an inaugural A$225 million (US$174.2 million) asset-backed securities (ABS) transaction, Wisr Freedom Trust 2021-1. The potential deal is a securitisation of unsecured personal loans. At the same time, Moody's Investors Service assigned provisional ratings.