ME Bank

Monday, 20 November 2017

Australian capital optimisation evolving as ME Bank breaks new ground

Leads and issuer on Australia’s third-ever wholesale additional tier-one (AT1) deal and the first to write off rather than convert at point of nonviability (PoNV) – as printed by ME Bank on 16 November – say the transaction demonstrates the continued evolution of bank capital optimisation.

Tuesday, 14 November 2017

ME Bank additional tier-one transaction progresses to launch

On 14 November, ME Bank (BBB/Baa1) launched its new Australian dollar perpetual non-call five-year additional tier-one capital notes deal, via National Australia Bank and Westpac Institutional Bank. Indicative price guidance for the transaction is 525 basis points area over three-month bank bills.

Monday, 13 November 2017

ME Bank prepares new additional tier-one transaction

On 13 November, ME Bank (BBB/Baa1) announced plans for a new Australian dollar perpetual non-call five-year additional tier-one capital notes transaction. The deal will launch in the near future according to joint lead managers National Australia Bank and Westpac Institutional Bank.

Tuesday, 31 October 2017

ME Bank’s three-year domestic FRN progresses to launch

ME Bank (BBB/Baa1) launched a minimum A$200 million (US$153.2 million) senior-unsecured deal on 1 November. Indicative price guidance on the three-year floating-rate note (FRN) transaction is 130 basis points area over three-month bank bills. Commonwealth Bank of Australia, National Australia Bank and UBS are leading, with pricing expected the same day as launch.

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