Press Release

Macquarie prices $A2,000 million PUMA Series 2015-1 RMBS

Sydney, 06 February 2015

Macquarie Group Limited today announced that the PUMA Series 2015-1 Trust, a securitisation of residential mortgages, has priced.

The $A2,000 million PUMA Series 2015-1 Trust comprises the following securities:

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Class Expected Rating (S&P/Fitch) Size Expected Average Life (yrs) Credit support Margin (Benchmark)
A AAA(sf)/AAAsf $A1,840m 2.7 8% BBSW+0.90%
B1* AA+(sf)/AAsf $A120m 5.0 2% Not disclosed
B2* Not rated $A40m 9.4 n/a Not disclosed

* The Class B1 and B2 Notes were retained

Strong investor interest allowed the transaction to be upsized from a launch volume of A$500 million. The final book comprised of 23 investors, with approximately 30% of the Class A Notes placed offshore. With this transaction, Macquarie surpasses A$50 billion of issuance under the PUMA programme.

Macquarie Bank Limited is the originator of the assets. Macquarie Securitisation Limited is the servicer of the portfolio and manager of the PUMA Program. The trustee of the PUMA Series 2015-1 Trust, Perpetual Limited, is the issuer of the mortgage-backed securities.

Macquarie Bank Limited is the arranger of the transaction. Macquarie Bank Limited, ANZ, NAB and JP Morgan Australia are the Joint Lead Managers. The issue is due to settle on 24 February 2015.

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