Macquarie Group has raised A$533 million through its latest issue of asset-backed securities, Smart Series 2013-1US Trust. The issue, which is backed by auto finance receivables, is a mix of US dollar and Australian dollar securities, with the bulk of the issue being sold to US money market investors.Pricing was mixed in comparison with Macquarie's A$823 million Smart issue last October.Macquarie will pay 15 basis points below International Libor on the US$100 million A1 tranche of the latest issue, which has a weighted average life of 0.37 years.In the October issue, investors in the US$180 million A1 tranche accepted payment 22 basis points below International Libor. The notes had a weighted average life of 0.4 years.In the latest issue, pricing on the $US60 million A2a tranche, with a weighted average life of 1.15 years, is 27 basis points over eurodollar synthetic forward rates (EDSF) - a futures contract.In October, the US$130 million A2a tranche, which has a weighted average life of 1.26 years, was priced at 33 basis points over EDSF.RBS Securities was the arranger of the transactions. JP Morgan Securities, Macquarie Capital and RBS Securities were joint lead managers, and ANZ was co-manager.