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Macquarie Securitisation Limited announced yesterday that it had priced a $700 million PUMA Masterfund S-7 RMBS.
The Class A Senior notes, which comprised $630 million of the transaction, were priced at a high 180 basis points over the one month BBSW.
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The Class A Senior notes are to be rated AAA by both Fitch Ratings and Standard & Poor’s. The $70 million Class B subordinate notes are not rated.
The pool of loans has a weighted average current LVR of 62 per cent and consists of both stated income and stated serviceability loans. All loans have 100 per cent of the principal and interest insured by either Genworth Financial or PMI.
Published: 15-07-08
