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Macquarie Securitisation Limited's latest foray back into the capital markets bodes well for Australian securitised lenders with $300 million class A senior notes priced at 110bps over BBSW.
"We are very pleased with the outcome of this transaction, especially the pricing. We received strong support from investors who recognise solid underlying collateral and performance of PUMA bonds and saw the transaction as good value,” said Macquarie’s head of mortgages Frank Ganis.
The margin of 110 bps is a good sign for the market, according to Mr Ganis, who stated that it was priced well “relative to other similar deals over the past few months and to MSL’s PUMA S-6 stated income RMBS, which priced at 180bps in early June”.
Published: 26-06-08
