Deutsche Bahn (AA-/Aa1) opened the books on its debut benchmark Kangaroo transaction on 20 September. Price guidance on the forthcoming deal is 85 basis points area and 95 basis points area respectively over semi-quarterly swap on the seven- and 10-year tranches. The transaction is expected to price as early as 21 September, according to lead managers Daiwa Capital Markets and HSBC.
On 20 September, Fonterra Co-operative Group (Fonterra) (A-/A) revealed plans to meet with Australian dollar investors on 2 and 5 October. The purpose of the meetings will be to provide an update on Fonterra’s FY17 financial performance and an Australian dollar-denominated capital-markets transaction may follow, according to the meetings’ arranger Commonwealth Bank of Australia.
Deutsche Bahn (AA-/Aa1) revealed on 19 September that it has mandated banks for its debut benchmark Kangaroo transaction. According to lead managers Daiwa Capital Markets and HSBC, the forthcoming deal will have a maturity of 7-10 years and is expected to launch in the near future.
On 18 September, SGSP Australia Assets (SGSP) (A-/A3) revealed plans to update debt investors in a call scheduled for the same day. A seven-year Australian dollar-denominated deal may follow, the meetings’ arrangers ANZ, National Australia Bank and Westpac Institutional Bank add.