National Australia Bank
NAB says SDG alignment smooths euro green deal process
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.
Business development and conducive market an upper for Downer
Downer Group Finance (Downer) priced its first Australian dollar deal since 2015 on 15 April. Issuer and leads say significant developments in Downer’s business composition opened the deal up to a broader suite of investors, while prevailing market sentiment induced a rapid book build and tightened pricing.
BOQ prints A$500 million three-year domestic FRN
Downer prices new seven-year A$300 million deal
BOQ launches benchmark three-year FRN deal
On 15 April, Bank of Queensland (BOQ) (BBB+/A3/A-) launched its benchmark three-year domestic floating-rate note (FRN) transaction. The forthcoming deal is being marketed in the area of 92 basis points over three-month bank bills and is expected to price on the day after launch. ANZ, National Australia Bank and Westpac Institutional Bank are joint bookrunners.
Downer launches new seven-year domestic deal
On 15 April, Downer Group Finance (Downer) (BBB by Fitch) launched a new, seven-year, minimum A$200 million (US$143.4 million) domestic transaction. The forthcoming deal has indicative price guidance of 195-200 basis points area over semi-quarterly swap. Pricing is expected on or before 16 April, according to joint lead managers Mizuho Securities, National Australia Bank and Westpac Institutional Bank.
Financial institution issuers yearbook 2018.
The first annual guide to global financial-institution issuers.
investing with impact Yearbook 2018
KangaNews's latest supplement focusing on sustainability in the Australian fixed-income market.
