MTF returns to New Zealand securitisation market with NZ$220 million deal
- Thursday, 08 September 2016
On September 8, Motor Trade Finance New Zealand (MTF) priced its first asset-backed securities (ABS) transaction since July 2014. MTF Torana Trust 2016 has a seven-tranche structure and printed final aggregate volume of NZ$220 million (US$194 million), and upsize from indicative volume of NZ$198 million at launch two days previously.
