Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2/A) launched its new, three-year domestic deal on 16 October, with indicative price guidance of 105 basis points over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, Commonwealth Bank of Australia, HSBC and National Australia Bank.
Banque Fédérative Du Crédit Mutuel (BFCM) (A/Aa3/A+) launched a new, five-year, senior-preferred Kangaroo deal on 15 October. The forthcoming deal will come in either or both fixed- and floating-rate formats and is being marketed at 115 basis points area over swap benchmarks.
On 15 October, Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2/A) revealed plans for a new, Australian dollar denominated three-year domestic deal. Initial price guidance for the transaction is 105-107 basis points area over three-month bank bills.
The eighth KangaNews-Westpac Corporate Debt Summit, held in Sydney on 12 September, drew a record crowd once again. As well as providing insights from the heart of the banking, sustainability and economics sectors, there were in-depth discussions around the role of the Australian credit market relative to its global peers and the new open-banking regime, as well as the annual C-suite update.