Australia's MoneyMe gains on $119 mln securitisation deal

Moneyme

18/07/2024 02:18

** Shares of MoneyMe  MME.AX  rise as much as 13.9% to
A$0.074, set to gain most since Jan. 8 - if current gains hold
    ** The consumer finance provider executes A$178 million 
($119.60 million) term securitisation deal for personal loan
assets 
    ** Co says, deal "frees up capital for new loan
originations"
    ** Stock hits highest level since June 4
    ** Stock is down 21.7% this year as of last close

($1 = 1.4883 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))