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Newcastle Permanent Building Society (NPBS) (BBB/A2) launched a new two-year senior-unsecured transaction on 2 June, seeking indicative volume of A$50 million (US$36.9 million). The deal, which has Westpac Institutional Bank as lead, is being marketed at 120 basis points over bank bills area and will price on day of launch.
Auswide Bank (Auswide) has disclosed plans to engage with investors on its ABA Trust residential mortgage-backed securities (RMBS) programme ahead of a potential Australian dollar funding and capital relief transaction. ANZ and Westpac Institutional Bank have the mandate.
In its monthly funding plan update, published on 1 June, South Australian Government Financing Authority (SAFA) disclosed plans to issue a syndicated increase of its September 2027 benchmark bond in the week beginning 5 June. The forthcoming transaction will be for up to A$750 million (US$553.2 million) and has Bank of America Merrill Lynch, HSBC, National Australia Bank and Westpac Institutional Bank as leads.
On 1 June, Industrial and Commercial Bank of China, Sydney Branch (ICBC Sydney) (A/A1/A) launched a minimum A$50 million one-year domestic deal. Initial price guidance for the forthcoming transaction is 65 basis points over three-month bank bill swap rate.
The seven-year domestic deal mandated on 30 May by Shopping Centres Australasia Property Group (SCA Property) launched and priced the following day. Price talk was 165 basis points area over swap.
