Mirvac mandates a new, seven-year domestic transaction

Mirvac Group (Mirvac) (BBB+/Baa1) mandated a new, seven-year domestic transaction on August 24. The mandate follows a series of domestic investor meetings undertaken by Mirvac from August 18.

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AMP readies a potential Australian dollar denominated RMBS transaction

AMP Bank (AMP) has revealed plans to engage with investors in relation to its Progress residential mortgage-backed securities (RMBS) programme during the week commencing August 29, an August 24 announcement revealed. According to KangaNews data, AMP was most recently in the RMBS market in November 2014, when it printed A$1 billion (US$760.2 million) of prime RMBS notes via Progress 2014-2 Trust. The largest, A$920 million, class A tranche priced at 80 basis points over one-month bank bill swap rate for a weighted-average life of 3.2 years.

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Greater Bank prints a new senior-unsecured domestic deal [UPDATED]

On August 24, Greater Bank (BBB+) priced a new, three-year domestic transaction. According to KangaNews data, Greater Bank issued a A$25 million (US$19.1 million) three-year floating rate note in June this year, at 160 basis points over bank bill swap rate.

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Weekly update

Latest Issue 2016 June-July

Lastest Issue

KangaNews’s 10th anniversary edition contains extensive coverage of the publication’s history. Also included: corporate market analysis, high-grade perspectives from Australia and abroad, Fixed-Income Research Poll results and analysis and lots, lots more.