Macquarie may double A$500m Puma RMBS as book grows

By Tom Porter
30 Jun 2014

Macquarie is likely to increase the size of its second Puma RMBS transaction of the year this week and bring its pricing forward, after investors pushed books to over A$1bn on Monday.

Joint lead managers ANZ, JP Morgan, Macquarie Bank and National Australia Bank put out initial price thoughts for the only offered tranche, a A$460m senior 2.7 year ‘A’ tranche, of low 80bp area over one month BBSW on Monday. They quickly had a twice subscribed order book.

The ...

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