National Australia Bank
The key to unlocking a new level of green issuance in the Australian bond market could be a deeper understanding of the assets on banks’ balance sheets. Institutional assets lend themselves to classification and verification, while the potential of SME and household loans remains almost untapped.
Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2/A) launched its new, three-year domestic deal on 16 October, with indicative price guidance of 105 basis points over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, Commonwealth Bank of Australia, HSBC and National Australia Bank.
Banque Fédérative Du Crédit Mutuel (BFCM) (A/Aa3/A+) launched a new, five-year, senior-preferred Kangaroo deal on 15 October. The forthcoming deal will come in either or both fixed- and floating-rate formats and is being marketed at 115 basis points area over swap benchmarks.
On 15 October, Firstmac began taking indications of interest for a potential residential mortgage-backed securities (RMBS) transaction, Firstmac Mortgage Funding Trust No. 4 Series 3-2018 (Series 3-2018). The deal is expected to launch in the coming week.
On 15 October, Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2/A) revealed plans for a new, Australian dollar denominated three-year domestic deal. Initial price guidance for the transaction is 105-107 basis points area over three-month bank bills.