More Australia-to-US securitisation flow as Macquarie prepares new ABS
- Wednesday, 06 June 2012
Provisional ratings have been assigned to Macquarie Leasing (Macquarie)'s second predominantly-US dollar asset-backed securities (ABS) issue of 2012. Smart Series 2012-2 US Trust – a securitisation of auto loans – has provisional volume of US$400 million across its four senior tranches with the lower-rated notes denominated in Australian dollars for a combined volume of A$62.4 million (US$60.9 million).
