Humm Group has launched the securitisation of a portfolio of its Australian unsecured buy now pay later receivables. A Moody's pre-sale release on the humm ABS Trust 2022-1 explained the portfolio was constituted of solar (35.3 per cent), medical services (21.5 per cent), jewellery (8.7 per cent), home owner (11 per cent) and non-home owner receivables (23.5 per cent). The weighted average interest rate of the portfolio is 11.6 per cent. Moody's has assigned provisional ratings (P) Aaa(sf) totalling A$181 million to just two Class A1 Notes. The other five classes of notes, totalling $42 million, were not rated by Moody's. This is hummgroup's thirteenth term securitisation. ANZ has upsized its issue of hybrid securities, Capital Notes 7, and priced them at the lower end of the indicative range. ANZ launched the issue on February 15 seeking A$1 billion, but yesterday issued a replacement prospectus with an offer size of $1.28 billion. The distribution rate is the bank bill swap rate plus a margin of 270 basis points. The first call date is March 2029. Pricing is lower than all hybrids issued in 2021.