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On 8 December, L-Bank (AAA/Aaa) launched a new, indicative A$100 million (US$75.1 million) June 2023 Kangaroo bond. The deal is being marketed at 51 basis points area over semi-quarterly swap and pricing is expected on the day of launch, according to lead managers Commonwealth Bank of Australia, Deutsche Bank, Nomura and RBC Capital Markets.
On 7 December, Province of Alberta (Alberta) (A+/A1) launched an indicative minimum A$50 million (US$37.8 million) tap to its April 2028 Kangaroo, via TD Securities. The forthcoming transaction has price guidance of 60 basis points area over semi-quarterly swap and 62.75 basis points area over Australian Commonwealth government bond. Pricing will occur on the day of launch.
Macquarie Group (BBB/A3/A-) launched a new, domestic benchmark transaction on 7 December. The forthcoming deal will consist of a five-year, non-call four-year tranche in either or both of fixed- and floating-rate formats with indicative price guidance of 120 basis points area over swap benchmarks, and a 10-year fixed-rate tranche at 170 basis points area over swap. The deal is expected to price the day after launch, according to joint leads ANZ, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Institutional Bank.
On 7 December, Vodafone Group (Vodafone) (BBB+/Baa1/BBB+) launched a new, dual-tranche Australian dollar-denominated transaction. The five- and 10-year tranches are being marketed at 110 and 170 basis points area respectively over semi-quarterly swap. The deal will price on 8 December, according to lead managers National Australia Bank, RBC Capital Markets and UBS.