Press Release

SMART Series 2013-1US Trust auto-backed securitisation issue priced

Sydney, 17 January 2013

Macquarie Group Limited today announced that the SMART Series 2013-1US Trust, a securitisation issue of automobile receivables, priced overnight (New York time).

The $A533 million equivalent SMART Series 2013-1US Trust issue comprises the following SEC Reg AB $US and $A denominated securities:

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Class Expected Rating (Fitch/Moody's) Size Expected Average Life (yrs) Coupon Margin (Benchmark)
A-1 F1+sf / P-1 (sf) $US100m 0.37 Fixed -0.15% (Int. LIBOR)
A-2a AAAsf/ Aaa (sf) $US60m 1.15 Fixed 0.27% (EDSF)
A-2b AAAsf/ Aaa (sf) $US70m 1.15 Floating LIBOR + 0.27%
A-3a AAAsf/ Aaa (sf) $US50m 2.20 Fixed 0.45% (Int. Swap)
A-3b AAAsf / Aaa (sf) $US89m 2.20 Floating LIBOR+ 0.45%
A-4a AAAsf / Aaa (sf) $US106m 3.51 Fixed 0.50% (Int. Swap)
A-4b AAAsf/ Aaa (sf) $US25m 3.51 Floating LIBOR+ 0.50%
B* AAsf / Aa2 (sf) $A5.858m 2.86 Not disclosed  
C* AAsf / A2 (sf) $A19.437m 2.86 Not disclosed  
D* BBBsf / Baaa2 (sf) $A13.312m 2.86 Not disclosed  
E* BBsf/ Ba2 (sf) $A11.982m 2.86 Not disclosed  
Seller Notes* Not Rated $A7.988m 2.86 Not disclosed  

 *The Class B, C, D, E & Seller Notes were retained

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 Series 2013-1US Trust, Perpetual Trustee Company Limited, is the issuer of the asset-backed securities.

RBS Securities is the Arranger of the transaction. JPMorgan Securities Inc, Macquarie Capital (USA) Inc and RBS Securities Inc are the Joint Lead Managers for the $US notes and ANZ is the Co-Manager for the $US notes.

The issue is due to settle on 23 January 2013.


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