Citi

Wednesday, 15 May 2019
Updated

Citibank’s opco deal provides diversity for Australian dollar market

Citibank, the operating company (opco) issuer of Citi, issued its first-ever Australian dollar deal on 10 May. The transaction came in 3(a)(2) format, which limits domestic bank-balance-sheet participation. However, deal sources say the scarcity value of opco debt from a global bank was enticing for domestic fund managers.

Monday, 18 November 2019

Qantas launches 10-year domestic deal

On 19 November, Qantas Airways (Qantas) (Baa2) launched a new, 10-year domestic deal with indicative price guidance of 190-195 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to joint lead managers Citi, Commonwealth Bank of Australia and National Australia Bank.

Tuesday, 12 November 2019

Citibank Sydney moves in on domestic FI issuance pause

Deal sources say Citibank Sydney Branch (Citibank Sydney)’s debut domestic deal attracted significant demand from Australia and Asia as the issuer was able to capitalise on a brief pause in Australian dollar financial institution (FI) issuance at the beginning of November.

Tuesday, 05 November 2019

Citibank Sydney launches multi-tranche Australian dollar deal

Citibank N.A. Sydney Branch (Citibank Sydney) (A+/Aa3) launched a new Australian dollar denominated transaction on 6 November. The forthcoming deal is potentially comprised of three- and five-year floating-rate notes and a five-year fixed-rate tranche. Indicative price guidance for the three-year and five-year tranches is, respectively, 75 and 93 basis points area over swap benchmarks.

Tuesday, 05 November 2019

Qantas to meet investors ahead of potential 10-year domestic benchmark deal

On 6 November, Qantas Airways (Qantas) (Baa2) mandated Citi, Commonwealth Bank of Australia and National Australia Bank to arrange a series of investor meetings and calls in Australia and Asia in the week beginning 11 November regarding a potential 10-year, Australian dollar denominated benchmark transaction.

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