Australian Lender Revs Up Third Auto Securitization

Australia-based lender Liberty Financial is revving up its third auto loan securitization, sized at A$101 million ($89.8 million).

  • 13 Nov 2007
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—Hugh Leask

Australia-based lender Liberty Financial is revving up its third auto loan securitization, sized at A$101 million ($89.8 million). National Australia Bank and Macquarie Bank are leading the transaction.

The portfolio comprises 5,420 prime and non-conforming auto loans, with a weighted average loan-to-value ratio of 110%. The loans are spread across Australia, with a 37.5% concentration in Queensland and 33.5% in New South Wales.

The Melbourne-based company, which focuses on loans in the residential mortgages, motor vehicle finance, business finance and the commercial mortgage space, is a frequent participant in the securitization markets. Last month it launched Liberty CP Trust 2007-1, an asset-backed commercial paper program initially sized at A$400 million ($351.1 million) and administered by Secure Funding, a subsidiary of Liberty Financial (TS, 10/22). Officials at the firms involved could not be reached for comment by press time.

  • 13 Nov 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%