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
Email a colleague
Request a PDF

—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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%