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On 16 April, BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$14.3 million) increase to its April 2029 Kangaroo bond, via RBC Capital Markets. The forthcoming deal is being marketed at 54 basis points area over semi-quarterly swap, equivalent to 65.75 basis points area over Australian Commonwealth government bond and is expected to price on the day of launch.

On 16 April, Province of Ontario (Ontario) (A+/Aa3) launched a new, 10.5-year, minimum A$40 million (US$28.7 million) Kangaroo bond. The forthcoming transaction is being marketed at 62 basis points area over semi-quarterly swap, equivalent to 78.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.

The specificity of Inter-American Development Bank (IADB)’s inaugural Australian dollar EYE – education, youth and employment – bond was key to its robust execution outcome, deal sources say, as local demand increases for high-quality and clearly defined use of proceeds for social-bond issuance. IADB has only previously issued public benchmark EYE bonds in US dollars.

International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$50 million (US$35.9 million) tap of its June 2029 Kangaroo bond on 15 April. The forthcoming transaction has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 55.5 basis points area of Australian Commonwealth government bond and is expected to price on the day of launch. Nomura has been mandated as lead manager.

On 15 April, Bank of Queensland (BOQ) (BBB+/A3/A-) launched its benchmark three-year domestic floating-rate note (FRN) transaction. The forthcoming deal is being marketed in the area of 92 basis points over three-month bank bills and is expected to price on the day after launch. ANZ, National Australia Bank and Westpac Institutional Bank are joint bookrunners.

On 15 April, Resimac launched its capped NZ$250 million (US$169.3 million) residential mortgage-backed securities (RMBS) transaction, Versailles Trust Series 2019-1. The forthcoming deal is being arranged by BNZ and Westpac New Zealand, which are also joint lead managers with Merrill Lynch. Pricing is expected on the day after launch.

On 15 April, Downer Group Finance (Downer) (BBB by Fitch) launched a new, seven-year, minimum A$200 million (US$143.4 million) domestic transaction. The forthcoming deal has indicative price guidance of 195-200 basis points area over semi-quarterly swap. Pricing is expected on or before 16 April, according to joint lead managers Mizuho Securities, National Australia Bank and Westpac Institutional Bank.

On 15 April, Bank of Queensland (BOQ) (BBB+/A3/A-) began taking indications of interest for a new, three-year domestic floating-rate note (FRN) transaction, with indicative price guidance of 92 basis points area over three-month bank bills. The deal is expected to launch in the near future, according to joint bookrunners ANZ, National Australia Bank and Westpac Institutional Bank.