Macquarie starts marketing SMART ABS deal

On 8 March, Macquarie Bank (Macquarie) began taking indications of interest for its asset-backed securities (ABS) transaction, SMART ABS Series 2019-1. The deal is likely to be upsized to A$1 billion (US$701.5 million), with A$500 million preplaced but subject to final approval. The transaction is likely to launch on 11 March, and price on 15 March according to Macquarie.