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Pioneering Liberty A$100 million auto securitisation issue priced today |
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10 August 2005 Macquarie Debt Markets announces that the Liberty Series 2005-1 Auto Trust issue that launched on Friday 5 August has priced today. The issue, an A$100 million securitisation backed by a mixed pool of prime and non-conforming auto loans originated by Liberty Financial, represents the securitisation of a brand new asset class in the Australian capital markets. The issue was more than two times oversubscribed (amongst more than ten domestic investors) and pricing was as follows:
Kevin Lee, Division Director Debt Finance, at Macquarie said: “This is an outstanding result. Liberty Financial continues to pioneer the Australian specialty finance market and we are pleased to have worked with them again to successfully complete this landmark transaction. The fact that this is the first term securitisation of this asset class in Australia, coupled with the very strong demand from investors, highlights the significance of this deal.” The issue will settle on 12 August 2005. For further information, please contact:
Kevin Lee |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
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or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
