Westpac

Tuesday, 05 January 2021
Dec/Jan 2020/2021

As safe as bricks and mortar

In the second of two roundtables exploring corporate sectors on the front line of the COVID-19 crisis, in November 2020 KangaNews and Westpac Institutional Bank hosted issuers and analysts from the Australian REIT sector to talk about pandemic fallout. The conversation covered crisis response and the new shape of the sector in future, including the likely impact on individual property categories.

Wednesday, 24 February 2021

NPBS launches five-year senior-unsecured benchmark transaction

On 25 February, Newcastle Permanent Building Society (NPBS) (BBB/A3) launched a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction. Indicative price guidance for the deal is 65 basis points area over three-month bank bills and is expected to price on the day of launch.

Wednesday, 24 February 2021

Charter Hall LWR charts new course for corporate issuance

In its debut issuance, Charter Hall LWR printed the tightest spreads for seven- and 10-year tenors by a triple-B rated corporate since at least the financial crisis. Lead managers say conditions remain well set for corporate borrowers planning to issue debt in Australia.

Wednesday, 24 February 2021

Eclipx preparing potential ABS deal

On 24 February, Eclipx Group revealed plans to engage investors in the week beginning 1 March regarding a potential asset-backed securities (ABS) transaction from its FP Turbo programme. ANZ is arranger and lead manager alongside Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.

Tuesday, 23 February 2021

NPBS planning five-year senior-unsecured benchmark deal

Newcastle Permanent Building Society (NPBS) (BBB/A3) revealed plans for a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction on 24 February. ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank are leading.

Tuesday, 23 February 2021

Svenska Handelsbanken launches five-year senior-preferred Kangaroo

On 24 February, Svenska Handelsbanken (AA-/Aa2/AA) launched a new five-year, senior-preferred, Kangaroo, benchmark transaction. Offered in either or both fixed- and floating-rate note formats, indicative price guidance for the deal is 50 basis points area over swap benchmarks.

View all Westpac news