Press Release

Macquarie prices multi-currency SMART ABS series 2015-1US

Sydney, 10 March 2015

Macquarie Group Limited today announced that the SMART ABS Series 2015-1US Trust, a securitisation issue of automobile receivables, priced this morning (Sydney time).

The $A755 million equivalent SMART ABS Series 2015-1US Trust issue comprises the following $A-denominated securities and SEC Reg AB $US-denominated:

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ClassExpected Rating (S&P/Fitch)SizeExpected Average Life (yrs)Coupon TypeCoupon (Benchmark)
A-1F1+sf/P-1(sf)$US104m0.36Fixed0.40% (Int. LIBOR)
A-2aAAAsf/Aaa(sf)$US62m1.08Fixed0.99% (EDSF)
A-2bAAAsf/Aaa(sf)$US65m1.08FloatingLIBOR + 0.42%
A-3aAAAsf/Aaa(sf)$US69m2.16Fixed1.50% (Int. Swap)
A-3bAAAsf/Aaa(sf)$US50m2.16FloatingLIBOR + 0.52%
A-4*AAAsf/Aaa(sf)$A197m3.53FloatingBBSW + 1.00%
B*AAsf/Aa3(sf)$A15.095m2.68Not disclosed 
Seller Notes*Not Rated$A83.021m2.68Not disclosed 

* The Class B & Seller Notes were retained. The $A denominated securities were not offered pursuant to the SEC Reg AB $US prospectus supplement and the prospectus.

Macquarie Leasing Pty Limited, a subsidiary of the Macquarie Group, is the originator of the assets and will also be the servicer of the portfolio. The trustee of the SMART ABS Series 2015-1US Trust, Perpetual Trustee Company Limited, is the issuer of the asset-backed securities.

The issue is due to settle on 20 March 2015.

 

 

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