Woolworths Group reopened the Australian dollar corporate bond market on 13 May with a dual-tranche transaction that leads say attracted a surprising level of support for 10-year tenor.
Woolworths Group (BBB/Baa2) launched an Australian dollar denominated, benchmark transaction on 12 May. Offered in either or both five- and 10-year tranches, indicative price guidance for the forthcoming deal is, respectively, 160 and 210 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to lead managers ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.
On 6 May, Woolworths Group (BBB/Baa2) announced plans to hold fixed-income investor calls on 11 May. The issuer is considering either or both a five-year deal and a longer-dated Australian dollar denominated deal. ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank have been mandated for the transaction.
KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.
On 18 November, David Jones Finance (David Jones) (NR) launched a new six-year, minimum A$200 million (US$136.3 million) floating-rate note (FRN) transaction. The forthcoming deal, which is expected to price on or before 21 November, is being marketed at 375 basis points area over three-month bank bill swap rate (BBSW), with a three-month BBSW price floor of 0.75 per cent area. National Australia Bank is sole lead manager.