St George launches its A$1.2bn Crusade

17 Jul 2008

Australia’s St George Bank has launched the A$1.2bn ($1.17bn) Crusade ABS 2008-2, a dual-currency auto-securitisation designed to be repo eligible with the European Central Bank.

The deal proved a hit with European investors thanks to the repo eligibility and follows Macquarie’s A$1.2bn dual-currency auto-leasing securitisation last month, Smart 2008-1E, ...

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