MoneyMe Announces Interest Rates for $517.5 Million Automotive Asset-Backed Securities Trust

Overview of MoneyMe's $517.5 Million Automotive Asset-Backed Securities Program

MoneyMe Pty Ltd has established a significant footprint in the asset-backed securities market through its MME Autopay ABS 2024-1 Trust, which issued $517.5 million in securities backed by automotive loan assets. This major capital markets transaction, settled on 24 October 2024, provides a structured funding platform supporting MoneyMe's auto finance lending operations. The trust enables the conversion of consumer auto loans into tradable securities on the Australian Securities Exchange.

This securitisation initiative highlights MoneyMe's ability to access capital markets at scale. By bundling auto loans into asset-backed securities, the company transfers credit risk to investors while retaining origination and servicing responsibilities. This method is increasingly adopted by fintech lenders to diversify funding beyond traditional banks. The successful issuance of $517.5 million in securities signals strong investor confidence in MoneyMe's auto lending platform and loan origination quality.

Interest Rate Details for Class A1 and Class A2 Notes Through August 2026

The latest announcement specifies that Class A1 Notes (ASX:MM2HA) will bear an interest rate of 5.6625% per annum for the period from 20 July 2026 to 19 August 2026. These notes represent the senior-most tranche in the securitisation, offering investors priority claim on cash flows from the underlying auto loan portfolio.

Class A2 Notes (ASX:MM2HB) will accrue interest at 5.9625% per annum over the same period. The 30 basis point premium over Class A1 reflects the slightly higher risk profile of this senior tranche within the securitisation hierarchy. These rates are determined based on market conditions, credit evaluations of the auto loan portfolio, and relevant benchmark interest rates.

Payment and Record Dates for August 2026 Interest Distribution

Interest payments for Class A1 and A2 Notes are scheduled for 20 August 2026, with the record date set as 17 August 2026. The record date identifies eligible noteholders for the upcoming interest payment, while the payment date is when funds will be disbursed. This schedule aligns with typical distribution timing in asset-backed securities programs.

MoneyMe Pty Ltd, as trust manager, coordinates collection of loan payments and distributes funds to noteholders according to the priority structure. The clear payment timeline ensures transparency and facilitates efficient processing of investor distributions.

Trust Manager Role and Securitisation Administration

MoneyMe Pty Ltd fulfills fiduciary duties as trust manager for the MME Autopay ABS 2024-1 Trust, overseeing administration, servicing, and investor communications. Responsibilities include maintaining asset records, monitoring portfolio performance, collecting cash flows, and executing payments per the trust's terms. Clayton Howes, Director, authorised this update on behalf of MoneyMe Pty Ltd.

The trust manager role is essential for operational integrity, ensuring timely payments, up-to-date documentation, and disclosure of material changes. This function supports investor confidence and market liquidity for the notes listed on the ASX.

Settlement and ASX Listing of Securitisation Notes

The MME Autopay ABS 2024-1 Trust notes settled on 24 October 2024, marking the start of the securitisation program and interest accrual. Settlement involved transferring funds from investors and legal transfer of auto loan assets into the trust. Since then, cash flows from the loan portfolio have been distributed to noteholders according to the payment priority.

Listing of MM2HA and MM2HB on the Australian Securities Exchange provides liquidity and price discovery for investors trading these notes prior to maturity. Additional detailed information on issuance terms and investor protections is available in the company update dated 22 October 2024.

Focus on Automotive Asset Class and MoneyMe's Lending Platform

MoneyMe's securitisation targets the automotive asset class, with the $517.5 million notes backed by consumer auto loans for vehicle financing. The auto finance sector presents a significant opportunity for fintech lenders, offering secured loans with tangible collateral. MoneyMe's specialization in auto lending and securitisation positions it as an alternative to traditional banks and captive finance arms.

Automotive assets provide structural benefits for securitisation, including collateral value from vehicles and established credit performance data. The diversified borrower base and scale of MoneyMe's auto loan portfolio support the substantial securitisation size, underscoring its market presence in Australian auto finance.

Market Context and Interest Rate Determination

The interest rates of 5.6625% for Class A1 and 5.9625% for Class A2 Notes reflect prevailing mid-2026 market conditions, benchmark rates, credit spreads, and investor risk assessments of MoneyMe's auto loan portfolio. The 30 basis point spread between tranches corresponds to the incremental risk and yield compensation within the securitisation structure.

These rates apply specifically to the interest period from 20 July 2026 to 19 August 2026 and are subject to reset for subsequent periods in accordance with the notes' documentation.

Investor Disclosure and Regulatory Compliance

MoneyMe's publication of this interest rate notice demonstrates commitment to transparent, timely communication with investors and the market. Issued via the ASX Market Announcement Office, the disclosure complies with continuous disclosure requirements for listed debt securities and reflects best practice governance.

Director Clayton Howes' formal authorisation ensures accountability and credibility of the information. Reference to the prior update dated 22 October 2024 provides investors with comprehensive documentation on the securitisation program's structure and terms.

Sector Trends and Asset-Backed Securities Market Activity

MoneyMe's $517.5 million auto-backed securitisation aligns with growing trends in Australian fintech and alternative lending sectors, where non-bank lenders increasingly utilize securitisation to diversify funding. The active market for high-quality loan portfolios from credible platforms supports efficient capital access beyond traditional banking.

Investor demand for securitised auto loans reflects the stability of consumer auto finance in Australia. Securitisation enables fintech lenders like MoneyMe to recycle capital, scaling lending volumes without relying on bank balance sheets. The announced interest rates and program success highlight a robust market for securitised automotive assets balancing investor returns and issuer profitability.