Press Release

Macquarie prices $A1,400 million PUMA Series 2014-1 RMBS

Sydney, 06 February 2014

Macquarie Group Limited today announced that the PUMA Series 2014-1 Trust, a securitisation of residential mortgages, has priced.

The $A1,400 million PUMA Series 2014-1 Trust comprises the following securities:

Swipe for more
Class Expected Rating (S&P/Fitch) Size Expected Average Life (yrs) Credit support Margin (Benchmark)
A AAA(sf) / AAAsf $A1,288m 2.7 8% BBSW+0.90%
B1* AAA(sf) / - $A84m 5.0 2% Not disclosed
B2* Not rated $A28m 9.5 n/a Not disclosed

* The Class B1 and B2 Notes were retained

The transaction was upsized from a launch volume of $A500 million due to strong investor demand. A total of 31 investors participated in the issue, with approximately 50% of the Class A Notes placed to offshore investors.

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 2014-1 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 19 February 2014.

 

Media contacts

Australia and New Zealand
+61 2 8232 2336
Email regional contact

Americas
+1 212 231 1310
Email regional contact

Asia
+852 3922 4772
Email regional contact

Europe, Middle East and Africa
+44 20 3037 4014
Email regional contact