Australian Office of Financial Management
The Australian Business Securitisation Fund (ABSF) passed both houses of parliament on 3 April and received royal assent on 5 April. The initiative – which directs the Australian Office of Financial Management (AOFM) to increase the availability of finance to SMEs – now enters the final stages of planning before becoming operational on 1 July 2019.
On 16 November, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated tap, of up to A$6 billion (US$4.4 billion), of its May 2041 line. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 75.5-78.5 basis points area over 10-year futures contract. National Australia Bank, TD Securities, UBS and Westpac Institutional Bank are leading.
Following the announcement of its May 2041 syndicated tap in the week beginning 16 November earlier in the day on 13 November, Australian Office of Financial Management (AOFM) revealed National Australia Bank, TD Securities, UBS and Westpac Institutional Bank will be joint lead mangers for the transaction.
On 13 November, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) revealed plans for a syndicated tap of its May 2041 line in the week beginning 16 November, with a maximum of A$6 billion (US$4.3 billion) to be issued. Lead managers for the transaction will be announced later in the day.
On 22 October, KangaNews hosted the latest in the KangaNews Debt Capital Markets Summit 2020 webinar series. The session had a rates-market flavour, including a discussion between some of Australia’s leading market participants about how massively increased sovereign issuance, central-bank intervention and a raft of new dynamics will shape their sector.
HIGH-GRADE ISSUERS YEARBOOK 2020
The ultimate guide to Australian and New Zealand government-sector borrowers.