- Thursday, 21 August 2014 15:59
Province of Manitoba (Manitoba) (AA/Aa1) mandated and priced a new 10.5-year Australian dollar deal on August 21, in what is the issuer’s third visit to the Kangaroo market so far in 2014. According to KangaNews data, Manitoba most recently visited Australia on April 2 with a A$50 million (US$46.4 million) tap to its September 2023 line. That deal had pricing of 74.5 basis points over Australian government bond (ACGB).Register to read more...
- Thursday, 21 August 2014 13:32
On August 21, National Australia Bank (NAB) (AA-/Aa2) launched a new self-led, senior-unsecured Australian dollar benchmark transaction with 5.25 year tenor. According to KangaNews data, NAB most recently issued a domestic benchmark also in senior-unsecured format, on August 19. That A$625 million (US$578.09 million) two-year floating-rate note had pricing of 31 basis points over bank bills.Register to read more...
- Thursday, 21 August 2014 09:37
Kiwibank (A+/Aa3/AA) will meet debt investors in Australia and Asia at the start of next month, ahead of the October 20 maturity of its only outstanding Kangaroo bond. Kiwibank issued A$250 million (US$232.2 million) in a five-year Kangaroo guaranteed by the New Zealand government in 2009, making it the only financial-institution issuer to price a Kangaroo in that year.Register to read more...
- Wednesday, 20 August 2014 16:25
Investor comfort around new-style Basel III-friendly tier-two issuance continues to grow at a steady pace in Australia, the market’s most-recent issuer says. The latest transaction, from ME Bank, potentially paves the way for a previously untested new sector to come to the market which could help feed burgeoning demand for these instruments.Register to read more...
- Wednesday, 20 August 2014 15:14
On August 20, UBS Australia Branch (UBS Australia) (A/A2/A) priced a new dual-tranche five-year, senior-unsecured, benchmark transaction in the Australian domestic market. This is UBS Australia’s second public issue in the Australian domestic market, after a A$1.25 billion (US$1.17 billion) dual-tranche deal issued in 2010.Register to read more...
Monday, 11 August 2014 06:17pm
The new powers which enabled the UK’s Financial Conduct Authority (FCA) to impose a one-year ban... Register to read more
Friday, 15 August 2014 10:00am
A scattering of deal flow was seen on either side of the Tasman Sea during the second full week... Register to read more
Latest Issue 2014 July-August
Secondary takes the strain: market participants ponder the future of a highly regulated and divided trading environment. Queensland in the global spotlight. Global low-yield strategies roundtable. Fixed-income research poll winners announced. Middle East banks in focus. BNP Paribas's Bruce Spence...