Personal lender Harmoney has completed its inaugural issue of asset-backed securities, while humm group priced its second flexicommercial ABS issue for the year.

Harmoney, which was launched in 2014 and was listed on the ASX at the end of 2020, raised $105 million at a weighted average margin of 145 basis points over the one-month bank bill swap rate.

The issue is backed by a pool of unsecured personal loans originated in Australia. The company said the issue “materially reduced” its cost of funds.

Harmoney does the bulk of its lending in New Zealand and said in a statement that it expected to complete a securitisation transaction in that market early next year.

Humm’s latest ABS transaction, flexicommercial ABS Trust 2021-2, raised $390 million, following a $450 million deal in March.

The A notes, worth $261.3 million, were priced at 85 bps over the one-month bank bill swap rate.

The issue is backed by a pool of fully amortising secured commercial auto and equipment finance receivables originated by flexicommercial.