Macquarie returns to US buyers with $500m Smart ABS

Macquarie Group priced a $500m SEC-registered auto loan ABS deal from its Smart Series 2013-1 US Trust on Wednesday, splitting the transaction across seven tranches of Class A notes, but retaining around A$58.57m of class B,C,D and E Aussie dollar notes.

  • 18 Jan 2013

The borrower split the deal between floating rate and fixed rate notes, after launching its first in three months targetted almost exclusively at US buyers.

These tranches include a $100m Class A1 fixed rates note, which had an expected average life of 0.37 years, and was priced 15bp inside ...

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2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

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