Macquarie launches first domestic MBS for two years

After focusing on the global markets for two years, Macquarie returns to A$ market.

Macquarie Securitization Ltd, a wholly-owned subsidiary of Macquarie Bank and Australia's largest issuer of mortgage-backed securities MBS, has launched its first A$-denominated securitization MBS since February 2000.

Deutsche Bank and Macquarie Debt Markets are acting as joint lead managers for the A$750 million $409.9 million transaction.

The deal, otherwise known as PUMA Masterfund P8, is backed by a portfolio of first registered mortgages with a weighted average loan-to-value of 73.4% and average seasoning of 29 months. Some 68.2% of...

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