Macquarie unit prices A$1.2 bln auto loan-backed issue

Thu Jun 5, 2008 9:37pm EDT
 
[-] Text [+]
 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, June 6 (Reuters) - Macquarie Leasing Pty Ltd, a
unit of Macquarie Group (MQG.AX), said on Friday it has priced
its A$1.2 billion ($1.1 billion) equivalent auto loan-backed
securities issue.
 JPMorgan (JPM.N), Macquarie Bank and Royal Bank of Scotland
(RBS.L) jointly led the offer.
 Deal details are as follows: CLASS  AMOUNT    RATINGS    
AVERAGE   MARGIN           FINAL
    (MLN)     S&P/Moody's  LIFE*   (basis points)  MATURITY
A-1    A$157.4   A1+/P-1      0.3     +80/1mBBSW       May 2009
A-2A   A$220     AAA/Aaa      2.13    +145/1mBBSW      June
2015 A-2E   EUR155    AAA/Aaa      2.16    +125/3mEuribor  
June 2015 A-2E2  EUR300    AAA/Aaa      2.16    +125/3mEuribor 
 June 2015
 ($1=A$1.04)
 (Reporting by Cecile Lefort)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better