Ann: GENERAL: MTF: MTF funding facilities extende

• Release Date: 17/07/13 18:12
• Summary: GENERAL: MTF: MTF funding facilities extended to 30 August 2015
• Price Sensitive: No
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MTF
17/07/2013 16:12
GENERAL

REL: 1612 HRS Motor Trade Finances Limited

GENERAL: MTF: MTF funding facilities extended to 30 August 2015

MTF funding facilities confirmed, term extended to 30 August 2015

Motor Trade Finances Ltd (MTF) has confirmed NZD305m of funding, supported by
Commonwealth Bank of Australia (CBA) and Westpac New Zealand Limited
(Westpac), including extension of the expiry date to 30 August 2015, for its
securitisation programme, which began in November 2010.

On 9 July 2013, Standard & Poor's Ratings Services affirmed the AA (sf)
long-term, structured finance rating, to warehouse notes issued by Trustee
Executors Ltd, in its capacity as trustee of the MTF Warehouse Trust No. 1.
The rating affirmation follows the extension of the revolving period and
change to the legal final maturity date of the notes to 30 August, 2021.  The
Trust has capacity to fund up to NZD370m of consumer credit and finance lease
contracts on motor vehicles, originated by MTF transacting shareholders.

For information, contact:

Rowena Davenport
?Treasury Manager ?MTF ?
03 474 6379
[email protected]
End CA:00238693 For:MTF    Type:GENERAL    Time:2013-07-17 16:12:25