RBS taps unguaranteed 2012 FRN to A$1 billion [UPDATED]
Royal Bank of Scotland Australia Branch (RBS) (A+/Aa3/AA-) increased the size of its unguaranteed 2012 floating rate note (FRN) by A$400 million (US$324million) on June 12, bringing the total size of the line to A$1 billion just a day after initial launch and pricing.NIB taps 2015 by NZ$100 million in second Kauri of 2009 [UPDATED]
The second Kauri deal in a week was priced on June 9 as the Nordic Investment Bank (NIB) (AAA/Aaa) increased its 2015 line by NZ$100 million (US$61.85 million), bringing the total amount on issue in that maturity to NZ$200 million and bringing NIB’s total outstanding Kauri volume to NZ$850 million.CommBank's US$2 billion shows offshore markets still hungry for guarantee
Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) priced a total of US$2 billion of three-year fixed and floating rate bonds on June 3 under the Australian government guarantee, with the issuer saying strong demand for guaranteed product among offshore investors continues to make it a more attractive source of funds than unguaranteed deals.