Mizuho Securities

Thursday, 10 September 2020
Aug/Sep 2020

Rapid renaissance

Asian demand has been a consistent component of the Australian dollar credit market in recent years and – to the surprise of some – has emerged from the first phase of the COVID-19 crisis as a still-reliable bid. Yield and credit quality factors are crucial, as the relative stability Australian credit offers attracts consistent demand.

Wednesday, 03 February 2021

IFC launches April 2035 social-bond Kangaroo tap

On 3 February, International Finance Corporation (IFC) (AAA/Aaa) launched a A$20 million (US$15.2 million) minimum increase of its Kangaroo, April 2035, social bond. The forthcoming deal has indicative price guidance of 34 basis points area over semi-quarterly swap, equivalent to 34.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager Mizuho Securities.

 

Monday, 30 November 2020

AMP Life launches 15NC5 tier-two FRN

AMP Life (A-/A3), part of the Resolution Life Group, launched a new Australian dollar denominated, 15-year non-call five-year (15NC5), tier-two, benchmark, floating-rate note (FRN) transaction on 1 December. The forthcoming deal is being marketed at 350 basis points area over three-month bank bills and is expected to price on the day of launch.

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