Sapphire VI Series 2004-2 Trust

Sapphire VI Series 2004-2 Trust

Amount: A$304.2m

Legal maturity: January 2036

Issue price: 100.00

Class AA notes: A$211m

Rating: Aaa/AAA/AAA

Average life: 2.2 years

Coupon: three month BBSW plus 30bp

Class AM notes: A$39m

Rating: Aaa/AAA/AAA

Average life: 2.2 years

Coupon: three month BBSW plus 40bp

Class AZ notes: A$16m

Rating: Aa1/AAA/AAA

Average life: 2.2 years

Coupon: three month BBSW plus 48bp

Class M notes: A$19m

Rating: A2/A/A

Average life: 4.1 years

Coupon: three month BBSW plus 90bp

Class BA notes: A$9m

Rating: Baa2/BBB/BBB

Average life: 4.1 years

Coupon: three month BBSW plus 145bp

Class BZ notes: A$4.6m

Rating: Ba2/BB/BB

Average life: 4.1 years

Coupon: three month BBSW plus 390bp

Class CA notes: A$2.8m

Rating: B2/NR/B

Average life: 4.1 years

Coupon: three month BBSW plus 600bp

Class CZ notes: A$2.8m

Rating: unrated

Average life: 4.1 years

Coupon: three month BBSW plus 1000bp

Launched: Thursday December 2

Lead mgr: Westpac

Secured on: non-conforming mortgages originated by Bluestone Group

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