On 19 November, Ford Motor Credit Company (FMCC) BBB-/Ba1/BBB mandated ANZ, Deutsche Bank and Westpac Institutional Bank for a potential four- or five-year Australian dollar denominated EMTN transaction.
On 19 November, NextEra Energy Capital Holdings (NextEra Energy) launched a new seven-year green Kangaroo transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 130 basis points area over semi-quarterly swap. The notes are expected to be rated BBB+/Baa1/A-, according to J.P. Morgan and RBC Capital Markets.
On 19 November, Qantas Airways (Qantas) (Baa2) launched a new, 10-year domestic deal with indicative price guidance of 190-195 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to joint lead managers Citi, Commonwealth Bank of Australia and National Australia Bank.
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.