MONEYME has executed a record personal loan asset‑backed securities (ABS) transaction, locking in fresh wholesale funding and lower costs as investor appetite for its loan book strengthens.
The $365.4 million term securitisation, issued via the MME PL ABS 2026‑1 Trust, is backed by receivables from the non‑bank’s personal loan products. Settlement is scheduled for 21 May, subject to standard pre‑settlement conditions.
Deutsche Bank acted as arranger on the transaction, with Deutsche Bank, Standard Chartered, and Westpac as joint lead managers. The deal is MONEYME’s third public capital markets transaction this financial year, lifting total ABS issuance for FY26 to $1.023 billion.
At $365.4 million, the transaction is around 80% larger than the lender’s previous record personal loan ABS deal, the $202.75m MME PL 2025‑1 transaction. The notes were allocated to a mix of new and existing investors, including domestic and offshore buyers, after what the group described as significant excess demand for the paper.
The latest deal follows a strong third quarter for MONEYME, when loan originations rose 43% year‑on‑year to $325m and the loan book grew to $1.90 billion, supporting a return to positive normalised NPAT.
Clayton Howes (pictured), MONEYME’s managing director and CEO, said the deal marks an important milestone in the lender’s growth strategy.
“This is MONEYME's largest personal loan ABS transaction to date and our third ABS deal for FY26, bringing total issuance for the financial year to $1.023 billion,” Howes said.
The Class A notes, which account for 63% of the underlying loan pool, and the commission notes have both received expected AAA (sf) ratings from Fitch Ratings. The Class A tranche priced at 120 basis points over one‑month BBSW, which the lender described as competitive given the broader rate environment.
Howes said the transaction strengthens both capital efficiency and economics.
“It increases our capital available for growth while reducing our cost of funds and improving margins,” he said. “The favourable terms reflect the confidence capital markets have in the scale and consistency of our loan book.”
He also noted that the deal was upsized on the back of strong demand from local and international investors.
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