Press Release

SMART Series 2013-2US Trust auto-backed securitisation issue priced

Sydney, 16 May 2013

Macquarie Group Limited today announced that the SMART Series 2013-2US Trust, a securitisation issue of automobile receivables, priced overnight (New York time).

The $A853 million equivalent SMART Series 2013-2US Trust issue comprises the following SEC Reg AB $US and $A denominated securities: 

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ClassExpected Rating (Fitch/Moody's)SizeExpected Average Life (yrs)CouponMargin (Benchmark)
A-1F1+sf / P-1 (sf)$US142.5m0.37Fixed0.26% (Int. LIBOR)
A-2aAAAsf / Aaa (sf)$US45m1.14Fixed0.25% (EDSF)
A-2bAAAsf / Aaa (sf)$US142.5m1.14FloatingLIBOR + 0.25%
A-3aAAAsf / Aaa (sf)$US50m2.15Fixed0.43% (Int. Swap)
A-3bAAAsf / Aaa (sf)$US167.5m2.15FloatingLIBOR + 0.43%
A-4aAAAsf / Aaa (sf)$US137.5m3.49Fixed0.55% (Int. Swap)
A-4bAAAsf / Aaa (sf)$US65m3.49FloatingLIBOR + 0.55%
B*AAsf / Aa2 (sf)$A9.382m2.86Not disclosed
C*Asf / A2 (sf)$31.132m2.86Not disclosed
D*BBBsf / Baa2 (sf)$A21.324m2.86Not disclosed
E*BBsf / Ba3 (sf)$A19.191m2.86Not disclosed
Seller Notes*Not rated$A12.794m2.86Not 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 2013-2US Trust, Perpetual Trustee Company Limited, is the issuer of the asset-backed securities.

The issue is due to settle on 22 May 2013.

 

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