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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%