Macquarie Bank prints A$1 billion in new RMBS
- Wednesday, 09 August 2017
Issue name: PUMA Series 2017-1
Sponsor: Macquarie Bank
Deal type: residential mortgage-backed securities
Pricing date: 9 August 2017
Settlement date: 21 August 2017
Total deal volume: A$1 billion (US$792.6 million)
Arranger: Macquarie Bank
Lead managers: ANZ, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank, Wells Fargo Securities, Westpac Institutional Bank
Note class: A
Tranche volume: A$920 million
Tranche rating: AAA/AAA
WAL: 2.6 years
Margin to swap: 97bp/1m BBSW
Initial credit support: 8%
Note class: B1
Tranche volume: A$60 million
Tranche rating: AA+/AAA
WAL: 5.0 years
Margin to swap: ND
Initial credit support: 2%
Note class: B2
Tranche volume: A$20 million
Tranche rating: NR/NR
WAL: 8.4 years
Margin to swap: ND
Initial credit support: N/A
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