Debt investors
Secured funding
Macquarie has been a leading participant in secured funding markets since 1993. Secured funding is used to diversify the Group’s sources of funding, most notably through the PUMA residential mortgage-backed programme and the MBL covered bond programme.
Macquarie Debt Markets is also a leading arranger and lead manager of Australian mortgage and asset backed securities for its third-party clients.
PUMA
The PUMA Programme is an umbrella term for a number of separate trust funds that Macquarie uses to securitise Australian residential housing loans.
The PUMA Master Trust Deed provides for the establishment of an unlimited number of trusts. Macquarie also maintains legacy PUMA trusts established under a historical PUMA Trust Deed.
Each trust is a separate and independent trust within the PUMA Programme. Each trust's and liabilities are segregated from the assets and liabilities of other PUMA trusts and sub-funds. Each trust may issue multiple classes of notes with different characteristics, such as currency of denomination and payment, priority of repayment and credit risk.
View offering documents and performance reports via the ABSPerpetual website
Covered bonds
Macquarie Bank Limited has a $A15 billion Covered Bond Programme.
Covered Bond Programme documentation
Covered bond investor presentations
View our MBL Covered Bond Introduction
Investor reports
Harmonised Transparency Templates
MBL constitution
Constitution of Macquarie Bank Limited
Bond trust deed
Documents incorporated by reference
Financial statements
- 2026 audited consolidated financial statements of MBL in respect of the year ended 31 March 2026
- 2026 unaudited consolidated financial statements of MBL in respect of the half year ended 30 September 2025.
- 2025 audited consolidated financial statements of MBL in respect of the year ended 31 March 2025
- 2024 audited consolidated financial statements of MBL in respect of the year ended 31 March 2024
Covered bond trust financial statements
- Annual Report for the financial year ended 31 March 2026
- Annual Report for the financial year ended 31 March 2025
- Annual Report for the financial year ended 31 March 2024
MBL CB Programme previous terms and conditions set out on
Macquarie Securitisation Limited is Trust Manager across SMART and PUMA securitisation programs within Macquarie Group’s Banking and Financial Services Division (BFS). Macquarie Leasing Pty Ltd is the Seller, Servicer and Custodian under BFS’ auto finance securitisation program, SMART. Other than Macquarie Bank Limited, any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of Macquarie Bank Limited. Any investments are subject to investment risk including possible delays in repayment and loss of income and principal invested. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.