On 20 February, AMP Bank revealed plans to engage investors regarding a potential residential mortgage-backed securities (RMBS) deal from its Progress programme. Commonwealth Bank of Australia, Deutsche Bank, Macquarie Bank, MUFG Securities, National Australia Bank and Standard Chartered Bank have been mandated as lead managers.
Sydney Airport’s market leadership, and the willingness of US private placement (USPP) investors to provide structural flexibility in transactions, were crucial to the execution of the world’s first sustainability-linked bond (SLB) with two-way pricing. Deal sources are bullish on proliferation of the product.
QPH Finance (BBB by S&P), the financing arm of Port of Brisbane, revealed plans for a potential Australian dollar denominated transaction. MUFG Securities and Westpac Institutional Bank have been mandated to arrange a series of investor meetings across Australia and Asia beginning 25 February.
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.
On 20 January, Pepper Group (Pepper) launched its new auto and equipment asset-backed securities (ABS) transaction, Pepper SPARKZ Trust 2. Total capped volume for the deal is A$616.7 million (US$424.4 million), with pricing expected on 23 January. Bank of America, MUFG Securities, National Australia Bank, RBC Capital Markets, Societe Generale and Westpac Institutional Bank are joint lead managers.