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Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, minimum NZ$100 million (US$68 million) seven-year Kauri transaction on 4 April. The forthcoming deal has indicative price guidance of 43 basis points area over mid-swap. Pricing is expected on the day after launch, according to joint lead managers ANZ and TD Securities.
On 4 April, Edith Cowan University (ECU) (Aa2) launched a new, 10-year, maximum A$120 million (US$85.4 million) domestic transaction. The forthcoming deal has indicative price guidance of 100 basis points area over semi-quarterly swap. The deal is expected to price the day of launch, according to joint lead managers Commonwealth Bank of Australia and National Australia Bank.
La Trobe Financial began taking indications of interest for its proposed residential mortgage-backed securities (RMBS) deal, La Trobe Financial Capital Markets Trust 2019-1 on 3 April. The transaction is expected to launch and price in the week commencing 8 April. The issuer mandated Commonwealth Bank of Australia, HSBC, Macquarie Bank, National Australia Bank, Natixis and United Overseas Bank for the potential transaction on 13 March.