QTC adds A$1.3 billion to its 2024 benchmark line [UPDATED]

Queensland Treasury Corporation (QTC) (AA+/Aa1) priced an increase to its existing July 2024 benchmark Australian dollar bond on October 23. According to KangaNews data, the transaction is the second syndicated tap of the line which was introduced in June 2011 at a volume of A$1 billion (US$877.5 million) and pricing of 61 basis points over Australian government bond (ACGB).

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Suncorp returns to domestic covered-bond market with new five year [UPDATED]

On October 23, Suncorp-Metway (Suncorp) priceda new five-year Australian dollar-denominated covered bond with an expected triple-A rating from Moody’s Investors Service and Fitch Ratings.

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Deal and ratings review, week ending October 17 2014

Aside from the Australian Office of Financial Management (AOFM's)  A$7 billion (US$6.1 billion), curve-extending benchmark nominal bond deal, the rest of the market during the week under review has been virtually silent as volatility returned to global markets with a vengeance.

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AOFM prices A$7 billion in curve-extending benchmark nominal bond [UPDATED]

The Australian Office of Financial Management (AOFM) priced a new, curve-extending April 2037 benchmark nominal bond by syndication on October 15. The price guidance was 60-65 basis points over the implied bid yield for the primary 10-year Treasury bond futures contract.

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Melbourne Airport flies despite sub-benchmark grounding

The sub-benchmark volume requirements of Australia Pacific Airports Corporation (Melbourne Airport) did not negatively impinge on the demand or pricing for its second-ever euro deal despite softer market conditions around the launch window, leads say. Indeed, in an environment where investors have cash to put to work, deal sources insist sub-benchmark euros are a more viable option than ever.

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Weekly update

Latest Issue 2014 October

Lastest Issue

USPP appeal for Australasian corporate issuers. Australian corporates at the KangaNews-BNP Paribas roundtable. The eighth KangaNews-BNZ roundtable. Canadian FIs in Australia. The FSI: a damp squib for bonds? Credit wraps on the radar. Investor Q&As: IFM and NZ Super.