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

Moneyme

22/10/2024 01:30

** Shares of MoneyMe  MME.AX  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;))