Macquarie's ABS pricing goes up 22 May 2015 4:08PM John Kavanagh Macquarie Group has completed its second issue of asset-backed securities for the year, raising A$900 million of funds to add to the $755 million it raised in March.Smart ABS series 2015-2 Trust is backed by automotive and equipment loans and leases originated by Macquarie Leasing. The average size of the receivables is $30,595.The $774 million of A notes, which have a weighted average life of two years, were priced at 85 basis points over the bank bill swap rate.Pricing on the B notes and seller notes was not disclosed.Comparison with the pricing of the earlier deal is not relevant, given that a large part of Smart ABS Series 2015-1US Trust was issued in US dollars.However, pricing on the A notes issued in Smart ABS Series 2014-4 Trust last November, which also had a weighted average life of two years, was 72 bps over the swap rate.