Next in the series talking to the individual award winners from the KangaNews Awards 2016, Tom Irving, managing director and head of Asia syndicate at TD Securities, and Brad Scott, director, corporate debt markets origination at National Australia Bank, reveal what it takes to be an award-winning intermediary in an everchanging Australian market.
On 22 March, Oesterreichische Kontrollbank (OKB) (AA+/Aa1) launched a minimum A$25 million (US$17.8 million) increase of its November 2028 Kangaroo bond, with indicative price guidance of 52 basis points area over semi-quarterly swap and 61.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead TD Securities.
On 15 March, Coöperatieve Rabobank Australia Branch (Rabobank Australia) (A+/Aa3/AA-) launched a minimum A$300 million (US$212.1 million) 3.5-year domestic deal, to come in either or both fixed- and floating-rate formats. The forthcoming transaction has indicative price guidance of 80-82 basis points area over swap benchmarks and is expected to price on the day of launch. ANZ, TD Securities, UBS and Westpac Institutional Bank are joint lead managers.