- Monday, 27 April 2015 11:19
Bendigo and Adelaide Bank (BEN) announced a new offer of convertible preference shares, called CPS3, on April 27. A statement lodged with the Australian Securities Exchange (ASX) reveals that the offer of additional tier-one qualifying capital will be for approximately A$200 million (US$156.5 million) with a margin in the range of 400-420 basis points over bank bill swap rate (BBSW). The margin is due to be set by bookbuild on May 1.Register to read more...
- Monday, 27 April 2015 10:00
On April 27, Heritage Bank (BBB+/A3) mandated a new three-year senior-unsecured domestic bond. According to KangaNews data, Heritage Bank has issued senior-unsecured debt in the local market on just one prior occasion. That A$200 million (US$156.7 million) two-year floating-rate note is due to mature in November this year.Register to read more...
- Friday, 24 April 2015 17:11
On April 24, Export Development Canada (EDC) (AAA/Aaa) priced a new five-year Kauri bond. According to KangaNews data, the deal is the borrower’s first visit to the New Zealand dollar market in 2015. EDC most recently priced a NZ$125 million (US$94.5 million) tap to its 2019 Kauri line in November last year. That deal had pricing of 17 basis points over swap.Register to read more...
- Friday, 24 April 2015 17:10
Issuance activity turned up the pace for the week under review. Flow in the Kangaroo market was particularly robust with seven new deals from a variety of issuers.Register to read more...
- Friday, 24 April 2015 13:26
Tuesday, 14 April 2015 10:41am
Falling iron-ore prices – and a revised rating-agency projection of the future direction of... Register to read more
Thursday, 23 April 2015 01:19pm
Issuance activity turned up the pace for the week under review. Flow in the Kangaroo market was... Register to read more
Latest Issue 2015 April-May Supplement: DCM Summit
In depth coverage of the KangaNews DCM Summit 2015, including insights of key market players from the buy and sell sides. Coverage includes market views on global demand for Australian dollar assets, insights from APRA and the RBA and economic commentators' interpretation of the global economy.