- Thursday, 20 October 2016 17:26
On October 20, Air New Zealand (Baa2) printed NZ$50 million (US$36.1 million) in its latest domestic transaction. Final pricing came in at 180 basis points over mid-swap - the mid-point of indicative pricing of 175-185 basis points over mid-swap. According to a NZX announcement, proceeds from the transaction will be used for general corporate purposes, including partial repayment of Air New Zealand’s existing bonds maturing on November 15 this year.Register to read more...
- Thursday, 20 October 2016 16:58
Teachers Mutual Bank (Teachers Mutual) (BBB+/A3) priced A$100 million (US$76.9 million) of three-year notes in its latest domestic deal on October 20. The transaction priced at the tighter end of intiial guidance of 140-145 basis points over three-month bank bill swap rate (BBSW). According to KangaNews data, Teachers Mutual was most recently in the Australian market in November 2014, when it printed A$70 million of three-year notes at 105 basis points over BBSW.Register to read more...
- Thursday, 20 October 2016 15:27
On October 20, Citigroup (BBB+/Baa1/A) printed an upsized volume of A$550 million (US$422.3 million) from a minimum volume of A$150 million, in a seven-year SEC-registered global senior-unsecured transaction. Initial price guidance on the deal wasin the area of 175 basis points over semi-quarterly swap.Register to read more...
Liberty prints A$500 million in its second prime and nonconforming RMBS transaction of the year [UPDATED]
- Thursday, 20 October 2016 13:38
Liberty Financial (Liberty) has printed A$500 million (US$384.5 million) in its latest residential mortgage-backed securities (RMBS) transaction – its second prime and nonconforming deal of the year. The transaction priced in line with initial price guidance disclosed on October 17.Register to read more...
- Thursday, 20 October 2016 10:11
Australia Pacific Airports Corporation (Melbourne Airport)’s (A-/A3) minimum A$100 million (US$77.2 million) 10-year domestic transaction progressed to launch on October 20. Initial price guidance on the transaction is 175 basis points over semi-quarterly swap. According to KangaNews data, Melbourne Airport last issued in the domestic market in November last year when it printed A$120 million of 10-year notes at 175 basis points over semi-quarterly swap.Register to read more...
Tuesday, 18 October 2016 02:15pm
Favourable execution conditions attracted ME back to the domestic residential mortgage-backed... Register to read more
Thursday, 13 October 2016 01:45pm
In the most noteworthy activity of the week the Australian Office of Financial Management printed... Register to read more
Latest Issue 2016 October-November
KangaNews’s annual Australian corporate focus homes in on the changing face of the domestic bond market. Full coverage of the KangaNews-BNZ New Zealand roundtable. Australian banks and one-year funding. European market pulse. Biannual Australian investor survey.