BUZZ-Australia's MoneyMe hits near 2-month high on $344 mln asset-backed securities deal

Reuters
2024-10-22

** Shares of MoneyMe rise as much as 27.3% to A$0.140, their highest level since Aug. 29

** Consumer finance provider executes debut A$517.5 mln ($344.24 mln) asset-backed securities deal in the auto asset class

** Says the deal is co's largest term securitisation deal to date

** About 1.7 mln shares change hand compared to 30-day average trading volume of 412,614 shares

** Stock up 32.5% YTD as of last close

($1 = 1.5033 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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