RBC

Monday, 23 July 2018

FI issuance returns to Australian market with three years the focus

Benchmark financial institution (FI) issuance returned to the Australian domestic market in July, with a total of A$3.9 billion (US$2.9 billion) printed across a trio of public three-year deals. With market volatility limiting FI issuance in preceding weeks, deal sources say a build up in investor cash as well as issuer willingness to execute at investors’ preferred tenor drove the transactions.

Wednesday, 05 September 2018

Suncorp launches five-year Australian dollar covered bond

Suncorp-Metway (Suncorp) (A+/A1) launched a new, Australian dollar denominated, five-year covered-bond deal on 6 September. The transaction, which will be rated Aaa/AAA, will come in either or both of fixed- and floating-rate formats and is being marketed in the area of 77-79 basis points over swap benchmarks.

Wednesday, 05 September 2018

Suncorp starts marketing five-year covered bond deal

On 5 September, Suncorp-Metway (Suncorp) (A+/A1) began taking indication of interest for a new, Australian dollar denominated five-year covered bond deal. The transaction will come in either or both fixed- and floating-rate formats and has initial price guidance of 80 basis points area over swap benchmarks.

Wednesday, 05 September 2018

Suncorp plans new five-year covered bond deal

On 5 September, Suncorp-Metway (Suncorp) (A+/A1) revealed plans for a new, Australian dollar denominated five-year covered bond transaction, to come in either or both fixed- and floating-rate formats. ANZ, Deutsche Bank, National Australia Bank, RBC Capital Markets and Westpac Institutional Bank have been mandated as joint bookrunners for the transaction.

Thursday, 30 August 2018

Green factor and mid-curve volume drive KBN to record-breaking Kangaroo deal

A green overlay and limited mid-curve supply in Australian dollars from supranational, sovereign and agency (SSA) issuers in 2018, contributed to Kommunalbanken Norway (KBN) achieving its largest-ever Kangaroo bond, deal sources say. In addition, the orderbook shows the extent to which Australian domestic fund managers continue to seek socially responsible investments.

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