Macquarie launches 2013's Australian-origin securitisation market with US deal

Provisional ratings have been assigned to a new US dollar asset-backed securities (ABS) issue from Macquarie Leasing, comprising an indicative US$500 million of top-rated auto lease-backed securities supported by A$59.4 million (US$62.7 million) of subordinated notes. Macquarie Leasing is an active issuer of US dollar securitisations: it has placed five such deals since early 2011.