National Australia Bank
National Australia Bank (NAB)’s first foray into the euro market for 2018 – five- and 10-year transaction in which the shorter-dated notes were green bonds – garnered a large oversubscription and tightened pricing in a busy market. Deal sources say NAB’s updated green bond programme, which now incorporates the UN Sustainable Development Goals (SDGs) played a part in the deal’s reception.
On 29 May, Columbus Capital began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Columbus Capital Triton 2020-2. Indicative total volume for the deal is A$500 million (US$332.5 million). National Australia Bank, Natixis, Standard Chartered and Westpac Institutional Bank were mandated to engage investors on 25 May.
On 29 May, Resimac mandated Macquarie Bank and National Australia Bank to organise a series of investor meetings regarding a potential nonconforming residential mortgage-backed securities deal under its Bastille programme.
On 27 May, BNP Paribas (A+/Aa3/AA-) launched a new five-year, Australian dollar denominated, senior non-preferred, benchmark transaction, offered in either or both fixed and floating-rate note formats. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 210-215 basis points area over swap benchmarks.