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Harmoney Corp Limited (NZX: HMY) Secures NZ$200m Debt Facility from M&G Investments Tuesday 22nd December 2020
Harmoney Corp Limited, Australasia’s largest online direct personal lender, has secured its third debt warehousing facility, from M&G Investments (“M&G”), a leading global asset management firm.
The NZ$200 million facility1 will help to grow Harmoney’s loan originations; accelerate the transition to a 100% warehouse funding model; and support the expansion of Harmoney’s product offering to more consumers across Australia and New Zealand.
M&G joins two of the ‘Big Four’ banks as Harmoney funding partners. Harmoney’s committed warehouse funding is now more than NZ$465m.