Macquarie Leasing demonstrates US appetite for rare Australian auto lease securitisations

17 Mar 2011

Macquarie Leasing priced the first Australian asset-backed securitisation of the year last week, after making only its second ever approach to US investors. But high costs and complex regulation could prevent other issuers following Macquarie into the US market.

Macquarie increased its deal from A$561.3m ($557m) to A$841.9m to meet demand from 26 investors, including 18 new investors that did not buy the bank’s previous US deal. The bank closed the transaction on March 10. But despite the evident popularity of Australian ABS in the US, other ...

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