Liberty Financial has raised A$150 million through a securitisation of auto loans.
Liberty will pay 160 basis points over the one-month bank bill swap rate on the $108.7 million class A tranche of Liberty Series 2012-1 Auto ABS. The A notes have a weighted average life of 1.5 years.
Pricing on the other tranches was not disclosed.
Earlier this month, Investec Bank (Australia) priced the $163 million A2 tranche of its latest ABS issue at 165 basis points over the swap rate, with a weighted average life of 2.1 years.
Investec's transaction involved the...
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