Liberty prices SME-focused CMBS transaction [UPDATED]
Pricing has been completed on a new commercial mortgage-backed securities (CMBS) deal from Liberty Financial, the final volume of which remained at the launch figure of A$240 million (US$257.7 million). The transaction is be the second CMBS of the year, following a A$160 million issue from ALE Finance Company on April 21.New 2021 bookbuild nets A$1.5 billion for QTC [UPDATED]
Queensland Treasury Corporation (QTC) (AA+/Aa1) used a bookbuild process for the new 10-year benchmark bond line it launched and priced on July 20. The issue was the agency's fourth syndicated transaction of 2011 and brought its total volume placed via this method in the year to date to A$9.6 billion (US$10.3 billion).Macquarie Leasing upsizes USD- and AUD-denominated ABS
On July 15 Macquarie Leasing issued its second asset-backed securities deal of the year to feature foreign corrency tranches. The A$633 million (US$670.4 million) equivalent deal was upsized from a launch volume of just greater than US$550 million, with the leads reporting oversubscription in all 10 public tranches.Rabobank Australia prices A$800 million new 2016 FRN [UPDATED]
A period of nearly two weeks without a public market bond transaction in Australia ended on July 20 as Rabobank Nederland Australia Branch (Rabobank Australia) (AAA/Aaa) priced a new five-year benchmark. The margin on the floating rate notes was 115 basis points over bank bill swap rate, with pricing coming on the same day as launch.Constant flow returns to regional and non-bank securitisation
A flurry of securitisation deals from regional and non-bank issuers in the first half of July illustrate the continued revival of the asset class as a funding tool for smaller borrowers, issuers and intermediaries say. Securitised issuance is showing signs of increased breadth and depth, with issuers and intermediaries pointing to new foreign currency options as well as signs of life in non-conforming and subordinated tranches.