Two new asset backed securitisation deals by non-bank lenders, each with a distinct New Zealand connection, are expected to be priced this week.  The first of these is likely to be Avanti Finance's inaugural Australian auto loan ABS transaction, with up to A$250 million in pass-through floating rate notes to be issued.  The collateral pool consists of motor vehicle loans to both consumers and commercial operations in Australia and New Zealand. The loans are originated and serviced by Branded Financial Services Pty Limited a wholly owned and operated subsidiary of Avanti Finance.  According to a pre-sale note from Moody's Investors Service, loans backed by passenger and light commercial vehicles represent 63 per cent and 37 per cent of the securitised pool, respectively.  Moody's has assigned provisional ratings to $242.50 million notes. Interest rates in the portfolio range from 4.4 to 17.8 per cent, with a weighted average interest rate of 8.0 per cent. The Moody's report also disclosed that Avanti Finance's Australian retail receivables portfolio was approximately A$455 million. This transaction follows the appointment in March of Liesl Knox, previously Avanti Finance's chief risk officer at its NZ headquarters, as BFS chief executive officer. She has been tasked with running a strong growth agenda in Australia.   The second ABS transaction of interest is the Harmoney NZ ABS 2023-1 Trust, backed by unsecured personal loans originated by New Zealand online lending platform Harmoney.  This is Harmoney's inaugural term asset-backed securitisation in New Zealand, with  NZ$187.6 million in notes rated by Moody's. It follows the lender's initial A$105 million ABS, pitched to Australian investors in October 2021.  The NZ transaction includes NZ$100 million Class A1 notes and NZ$25.40 million Class A2 notes, both assigned provisional ratings of (P)Aaa (sf) by Moody's. The top-rated tranche in Harmoney's 2021 Australian transaction was priced at 145 basis points over the bank bill swap rate when interest rates were at historic lows, so pricing for its current NZ deal will be keenly watched. As of June 2023, Harmoney's New Zealand and Australian portfolios amounted to A$362 million and A$382 million, respectively, the company disclosed in an ASX announcement on 1 August.