01 March 2004
Macquarie Debt Markets announced today that the Maxis Loans Securitisation Fund No. 7 issue (the “Issue”) priced today.
The issue was oversubscribed and closed 3 days before the expected pricing date.
Pricing was as follows:
|A1||264||Floating||AAA/Aaa||1.17||3M BBSW + 0.27% p.a|
|A2-1||198||Fixed||AAA/Aaa||2.67||Swap + 0.26 % p.a|
The Class A2-1 Bonds will convert to floating rate Bonds at a margin of 0.51% over 3 month BBSW, on 9 November 2006, unless redeemed or transferred on that day.
Teresa Neal, Associate Director of Macquarie Bank Debt Markets said “The transaction was very well received by the market and was heavily oversubscribed. Members Equity were delighted with the pricing and the level of investor interest. All 3 tranches priced below at the low end of expected pricing ranges. The issue demonstrates Members Equities’ continued commitment to issue into the domestic capital market.”
The issue will settle on 12 March 2004.
For further information, please contact:
Tel: (612) 8232 3844