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Debut consumer securitisation prepped

Category: ABS Risk Management

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Australian non-bank markets inaugural ABS

Wingate Consumer Finance is marketing an inaugural term securitisation of personal loans extended to borrowers in Australia. Dubbed NOW Trust 2019-1, the A$200m transaction is backed entirely by receivables originated by Wingate Consumer Finance, an established non-bank lender in the Australian personal loan market.

Moody’s has provisionally rated the transaction as Aaa on the A$143m class A notes, Aa2 on the A$16.6m

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