Press Release

Macquarie prices $A500 million SMART ABS series 2013-3

Sydney, 27 September 2013

Macquarie Group Limited today announced that the SMART ABS Series 2013-3 Trust, a securitisation issue of automobile and equipment receivables, has priced.

The $A500 million SMART Series 2013-3 Trust issue comprises the following securities:

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Class Expected Rating (Fitch/Moodys) Size Expected Average Life (yrs) Margin (Benchmark)
Class A AAAsf / Aaa (sf) $A417.5 1.9 0.95% (BBSW)
Class B* AAsf / Aa2 (sf) $A12.5 2.3 Not Disclosed
Seller Notes* Not Rated $A70.0 2.3 Not Disclosed

* Class B and Seller Notes were retained

This is the third SMART issue for 2013, the first domestically. The transaction was well oversubscribed, allowing pricing to be tightened from initial guidance. Fifteen investors participated in the transaction, predominantly domestic, with 62% of these being real money and other non-bank investors.

Macquarie Leasing Pty Limited, a subsidiary of the Macquarie Group, is the originator and the servicer of the portfolio. The trustee of the SMART Series 2013-3 Trust, Perpetual Trustee Company Limited, is the issuer of the asset-backed securities.

Macquarie Bank Limited, Australia and New Zealand Banking Group Limited are the Joint Lead Managers. JP Morgan Australia Limited and The Royal Bank of Scotland Plc are Co Managers. The issue is due to settle on 10 October 2013.


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