J.P. Morgan

Friday, 21 February 2020

AOFM returns to syndicated issuance

Australian Office of Financial Management (AOFM) broke its longest drought of syndicated issuance since it began this method in 2009 with its 19 February transaction. The deal received robust support from offshore and real-money investors.

Monday, 17 February 2020

AOFM launches May 2041 syndicated tap

On 18 February, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated tap of its May 2041 bond line. The issuer states that volume will be ‘modest’. Indicative price guidance for the forthcoming transaction, which is expected to price on the day after launch, is 49-51 basis points area over 10-year futures contract. Commonwealth Bank of Australia, J.P. Morgan and UBS are leading.

Friday, 14 February 2020

AOFM preparing May 2041 syndicated tap

On 14 February, Australian Office of Financial Management (AOFM) mandated Commonwealth Bank of Australia, J.P. Morgan and UBS for a syndicated tap of its May 2041 maturity in the week beginning 17 February.

Wednesday, 05 February 2020

Resimac considering dual-currency Premier RMBS deal

On 5 February, Resimac revealed plans for a potential prime residential mortgage-backed securities (RMBS) deal, including Australian dollar and US dollar tranches, from its Premier programme. Deutsche Bank, J.P. Morgan, MUFG Securities and National Australia Bank have been mandated to engage investors.

Monday, 03 February 2020

Korea Resources Corporation explores debut Kangaroo transaction

On 3 February, Korea Resources Corporation (A/A1) revealed plans for a debut three- or five-year Kangaroo transaction. BNP Paribas, Citi and J.P. Morgan have been mandated to arrange a series of investor meetings and calls in Australia and Asia beginning 6 February.

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