Macquarie sticks to Aussie dollars for RMBS as euro hopes fade

By Tom Porter
17 Jun 2014

Macquarie has chosen to issue its forthcoming second Puma RMBS transaction of the year purely in Australian dollars, and ABS bankers fear more Australian issuers will follow suit as printing in euros becomes more expensive again.

Issuer Macquarie has mandated ANZ, JP Morgan and National Australia Bank as joint lead managers alongside its own investment bank for Puma 2014-2.

The syndicate will conduct a roadshow in Australia this week and Europe next week, with a purely Australian dollar-denominated deal expected to be priced shortly ...

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