MUFG

Sunday, 05 July 2020

Seek launches A$100 million June 2026 increase

On 6 July, Seek (NR) launched a minimum A$100 million (US$69.5 million) increase to its June 2026 subordinated notes. Indicative price guidance for the deal, which is expected to price on the day after launch, is 550 basis points area over three-month bank bills. HSBC, MUFG Securities and Westpac Institutional Bank are leading.

Tuesday, 30 June 2020

Insights from the corporate front line: Brisbane Airport and the COVID-19 crisis

Airports around the world have gone quiet as result of COVID-19, bringing corporate liquidity to the fore. Brisbane Airport Corporation was able to re-engage the Australian domestic market in late June for a deal it was looking to execute prior to the crisis. The airport’s head of corporate finance, Warren Briggs, speaks with KangaNews about the deal process and crisis management.

Monday, 22 June 2020

Brisbane Airport launches domestic benchmark transaction

On 23 June, Brisbane Airport (BBB/Baa2) launched a new Australian dollar denominated benchmark transaction, offered in either or both six- and 10.5-year tenor. Indicative price guidance for the six-year tranche is 275-300 basis points area over semi-quarterly swap, while the 10.5-year tranche, which is offered in either or both fixed and floating-rate note format, is 375-400 basis points area over swap benchmarks.

Monday, 22 June 2020

Brisbane Airport taking indications of interest for Australian dollar deal

On 22 June, Brisbane Airport (BBB/Baa2) began taking indications of interest for a new Australian dollar denominated transaction, offered in either or both six- and 10.5-year tenor. Indicative price guidance for the six-year tranche is 300-325 basis points area over semi-quarterly swap, while the 10.5-year tranche, which is proposed in either fixed or floating-rate note format, is 400-415 basis points area over swap benchmarks.

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