Australian issuers are readying their first forays into the US dollar securitisation market of 2014 with two transactions – one of asset-backed securities (ABS) and one of residential mortgage-backed securities (RMBS) – in the market at the start of March. Macquarie Leasing and Resimac, the two borrowers involved, were responsible for nearly US$1.8 billion of the US$2.1 billion of US dollar securitisation priced by Australian issuers in 2013.
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