National Australia Bank (NAB) (AA-/Aa3/AA-) is now taking indications of interest for its perpetual non-call five-year, wholesale, additional tier-one (AT1) capital, Australian dollar denominated transaction, announced earlier in the day on 8 July. Initial price guidance for the deal is 400-410 basis points area over three-month bank bills.
On 8 July, National Australia Bank (NAB) (AA-/Aa3/AA-) announced plans for a perpetual non-call five-year, wholesale, additional tier-one (AT1) capital transaction. A fixed-income investor call regarding the floating-rate note deal is scheduled for the day of the announcement. The notes are expected to be rated BBB- by S&P Global Ratings.
On 8 July, DBS Group Holdings (DBS) (Aa2/AA-) launched a new, three-year, senior-unsecured Kangaroo deal, to come in either or both fixed- and floating-rate format. The forthcoming deal has indicative price guidance of 75 basis points area over swap benchmarks and is expected to price on the day of launch. Commonwealth Bank of Australia, DBS, National Australia Bank, TD Securities and Westpac Institutional Bank are joint lead managers.
On 8 July, Societe Generale Sydney Branch (SocGen Sydney) (A/A1/A-) launched a new three-year, Australian dollar denominated, senior-preferred, floating-rate note, benchmark transaction. Indicative price guidance for the forthcoming deal is 100 basis points area over three-month bank bills.