APN sets margin on final NZ retail deal expected in 2010
APN Media NZ (APN) (NR) has set a margin of 310 basis points over swap on its forthcoming retail deal. The NZ$150 million (US$116.25 million) March 2016 issue has a minimum interest rate of 7.8 per cent and will be offered to retail investors in New Zealand and Australia.
More 2020 issuance next likely step in Telstra's domestic campaign
Following a tap to the line on November 10, KangaNews understands that Telstra Corporation (Telstra) (A/A2) would ultimately like to increase its June 2020 domestic bond to A$500 million (US$499.2 million). Having most recently tapped the 2020 by A$200 million, to total A$350 million, Telstra's ultimate aim with this bond is to increase it to A$500 million over time.CommBank adds fixed rate tranche to Bankwest RMBS
Commonwealth Bank of Australia (CommBank) subsidiary Bankwest launched its second residential mortgage-backed securities (RMBS) transaction of 2010 on November 11, in what is also likely to be the first sizeable Australian RMBS deal to come to market without support from the Australian Office of Financial Management (AOFM) since May this year.