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Bank of New Zealand (BNZ) (AA-/A1/AA-) launched an indicative NZ$100 million (US$90.5 million) – with the right to accept unlimited oversubscriptions – three-year floating-rate notes transaction on 6 September. The self-led wholesale deal has an indicative margin of 80-83 basis points over bank bills, with the margin scheduled to be set on 8 September.

Global Switch Property Australia (Global Switch) completed the tender offer to buy back its December 2020 domestic notes on 6 September. The offer, which was originally launched on 22 August, has seen A$86.62 million (US$69.25 million) of paper bought back by the issuer.

NWB Bank (NWB) (AAA/Aaa) launched a minimum A$15 million (US$12 million) increase to its July 2027 Kangaroo bond on 6 September. The forthcoming tap transaction, which is due to price on the same day as launch, is being marketed in the area of 68 basis points over semi-quarterly swap or 77 basis points area over Australian Commonwealth government bond.

On 6 September, Centuria Capital Group (Centuria) (NR) launched a A$25 million (US$20 million) increase to its April 2021-maturity fixed-rate bonds. The forthcoming tap issue is expected to price on the same day as launch, according to lead manager National Australia Bank.

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$79.6 million) increase to its September 2027 Kangaroo line on 5 September. The forthcoming transaction is being marketed at 45 basis points area over semi-quarterly swap and is expected to price on or before 6 September, lead managers ANZ and Deutsche Bank reveal.

Westpac Banking Corporation (Westpac) (AA-/Aa3/AA-) launched a new, self-led, one-year senior-unsecured transaction for minimum volume of A$300 million (US$238.9 million) on 5 September. The forthcoming deal is expected to price on 6 September and has initial price guidance in the area of 26 basis points over three-month bank bills.