- Tuesday, 31 May 2016 11:29
On May 31, the Coca-Cola Company (Coca-Cola) (AA-/Aa3/A+) launched a new four-year and eight-year, senior-unsecured Kangaroo transaction. The deal launch follows Coca-Cola’s February 16 announcement that it planned to meet with Australian fixed-income investors. According to KangaNews data, the forthcoming transaction will be Coca-Cola’s debut deal in the Kangaroo market. Coca-Cola Amatil (A-/A3) has a single, 2019 maturity, line outstanding for A$150 million (US$107.8 million).Register to read more...
- Tuesday, 31 May 2016 11:17
The latest launch of a tier-one securities offer by an Australian major bank means three of the big four are in the market for hybrids at the same time – two domestically and one offshore. National Australia Bank (NAB) announced the latest domestic retail launch on May 31, disclosing plans to print an indicative A$750 million (US$538.7 million) of additional tier-one qualifying securities.Register to read more...
- Tuesday, 31 May 2016 11:13
Commonwealth Bank of Australia (CommBank) launched a new, self-led subordinated notes offer in the domestic market on May 31 following a mandate announcement on May 30. According to KangaNews data, CommBank priced its most recent previous domestic subordinated issue in October 2014. The A$1 billion (US$716.2 million) tier-two notes were issued at 195 basis points over bank bills and, according to Yieldbroker ratesheets, were indicated at 188 basis points over bank bills at the close on May 27.Register to read more...
- Tuesday, 31 May 2016 10:00
On May 31, Western Australian Treasury Corporation (WATC) (AA+/Aa2) mandated a new fixed-rate, 2027 maturity benchmark transaction. According to KangaNews data, WATC most recently brought a syndicated deal to the domestic market in April this year when it issued A$1.1 billion (US$791.3 million) of six-year notes. That transaction priced at 55 basis points over Australian Commonwealth government bond (ACGB) and was WATC’s second benchmark deal for 2016.Register to read more...
- Tuesday, 31 May 2016 10:00
On May 30, La Trobe Financial (La Trobe) launched its third-ever nonconforming residential mortgage-backed securities (RMBS) transaction. According to the deal’s arranger, Westpac Institutional Bank, and its additional joint lead managers, Commonwealth Bank of Australia and National Australia Bank, La Trobe Financial Capital Markets Trust 2016-1 will have aggregate volume of A$250 million (US$179 million) and an eight-tranche structure.Register to read more...
Monday, 30 May 2016 09:42am
Lack of deal flow, new protocols around pre-deal disclosure, single-name exposure limits and... Register to read more
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