NAB adds A$1.3 billion to unguaranteed 2012
National Australia Bank (NAB) (AA/Aa1/AA) increased its unguaranteed May 4 2012 domestic bond by a total of A$1.3 billion (US$1.04 billion) on June 18, bringing the total outstanding in the line to a jumbo A$3.175 billion. The issuer says the majority of the tap was placed with real money investors.QTC uses bookbuild to price A$3.25 billion new 2019
On June 18 Queensland Treasury Corporation (QTC) (AA+/Aa1/AA+) priced its first domestic benchmark bond via bookbuild, with the issuer confirming that the new 2019 maturity will, like the rest of its outstanding lines, be covered by the government guarantee on state funding when that scheme is finalised.QTC will use guarantee to assist A$22.5 billion funding task
Queensland Treasury Corporation (QTC) (AA+/Aa1/AA+) will use the government guarantee on state borrowing to help it fill a funding task of A$22.54 billion (US$17.86 billion) for the financial year 2009/10. Queensland treasurer Andrew Fraser says the guarantee will be applied to all outstanding lines and while QTC intends to guarantee future issues it also "reserved the right to issue non-guaranteed bond lines".ING gets A$2 billion in five-year AUD benchmark
ING Bank Australia (ING Australia) (AA-) priced its new five-year domestic bond under the terms of the Australian sovereign guarantee on June 17, netting A$2 billion (US$1.6 billion) across the fixed and floating tranches of the deal. The transaction priced at the expected rate of 65 basis points over swap and is the fourth benchmark Australian market deal from an offshore-parented bank in June 2009.