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Last Updated on Friday, 20 August 2010 12:02 |
On August 18 UBS Australia Branch (UBS Australia) (A+/Aa3/A+) priced a new three-year deal having upsized to A$1.25 billion (US$1.13 billion) from a launch target of A$500 million. This transaction is UBS Australia’s first domestic issue and the fourth Australian market deal in two weeks to come from the domestic branch of an international parent bank.
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Last Updated on Wednesday, 18 August 2010 15:48 |
Five months after roadshowing in Australia with a desire to become a regular issuer in the market, on August 18 Kommuninvest (AAA/Aaa) priced its debut Kangaroo transaction. The Swedish local government funding agency issued a A$200 million August 2015 bond, in what was the second Kangaroo debutant from the supranational, sovereign and agency (SSA) sector in 2010.
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Last Updated on Wednesday, 18 August 2010 14:20 |
Lead managers on the six-year issue launched by Greenstone Energy (Greenstone) (NR) on August 13 say that although the issuer is an unrated credit, they believe the familiar name of the company combined with pent-up retail demand will attract investors in large numbers. Greenstone is offering a minimum of NZ$100 million (US$70.1 million) in the deal with room to upsize by up to the same amount.
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On August 17, HSBC Sydney Branch (HSBC Sydney) (AA/Aa2/AA) priced A$500 million (US$448.8 million) in a three-year fixed rate transaction – its first issue in two years. The bonds priced at their indicative margin of 95 basis points over semi-quarterly swap, having launched the day before.
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Last Updated on Friday, 20 August 2010 08:36 |