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.

Thursday, 06 December 2018

NWB Bank launches increase to July 2028 Kangaroo bond

On 6 December, NWB Bank (AAA/Aaa) launched a minimum A$60 million (US$43.5 million) increase to its July 2028 Kangaroo bond. The forthcoming deal has indicative price guidance of 47 basis points area over semi-quarterly swap, equivalent to 50.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager RBC Capital Markets.

Thursday, 22 November 2018

RBC Sydney launches benchmark one-year deal

On 23 November, Royal Bank of Canada Sydney Branch (RBC Sydney) (AA-/Aa2) launched a new, benchmark one-year domestic deal with indicative price guidance of 50 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to lead manager RBC Capital Markets.

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