Macquarie Bank priced its $500 million of auto loan and lease backed securities, with spreads on some of the tranches inside of initial guidance.

The deal, SMART ABS Series 2014-1 US, is backed by a pool of lease contracts, hire purchase contracts and loan contracts on motor vehicles located in Australia; however the seven classes of A securities issued from the trust are denominated in U.S. dollars.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.