Metro Finance has priced and settled its latest auto and equipment asset-backed securities (ABS) deal — the Metro 2025-2 transaction worth $900 million — reflecting deep investor confidence in the growing non-bank lender.
The deal drew 27 investors, with 70% of allocations coming from offshore, spanning the UK, EU, Japan, New Zealand, Hong Kong, and the United States. Participants included fund managers, insurers, banks, central banks and other real-money accounts.
This comes as Metro expands rapidly, following its first-ever $1bn ABS transaction earlier this year and the doubling of its commercial asset lending limits — signalling strong capital-market support for its growth strategy and credit quality.
Metro CEO David Albest said global participation reflects the lender’s rising reputation.
“Having a range of local and international investors take part in this latest transaction is pleasing,” Albest said. “However having that base of business come from investors that have transacted with Metro before I’m particularly proud of as it shows that just as the Metro business continues to grow, so too does its standing and reputation as a sound choice for investment.”
Metro now settles around $2.5 billion each year, supporting nearly 90,000 customers through a national network of more than 3,700 auto and equipment brokers and salary packagers.
Albest said the business continues to expand in line with shifting customer needs.
“Just as our customers’ asset needs change, so too does our diverse product offering which focuses on providing access and flexibility to a range of solutions for personal and business use, all backed by our national introducer network and, of course, our award-winning Metro team,” he said.
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