Christchurch City goes for institutional deal
Christchurch City Council (AA+) has issued NZ$60 million (US$33.4 million) March 2014 bonds, sold to institutional investors. Meanwhile, the NZ$150 million deal from Auckland City Council (AA) which is being sold to retail investors closed today, with rate set due on Monday March 23.Australia Post deal prices with strong volume
The transaction launched on March 18 by Australia Post (AAA) priced a day later at the expected level of 130 basis points over swap. Although launched with a minimum size of A$250 million (US$169 million), strong demand resulted in a final volume of A$325 million.Offshore banks topping league tables outside self-led
Three offshore banking names top KangaNews's league tables for Australian deals excluding self-led transactions, with HSBC Australia's position on the top line of the recent record-sized deal from Westpac Banking Corporation (Westpac) catapulting it to the top of the heap with A$2.24 billion (US$1.48 billion) of deal volume.
RBS launches AUD domestic deal backed by UK sovereign
RBS PLC Australia Branch (A+/Aa3/AA-) has launched a minimum
A$500 million (US$338 million) three-year transaction via joint bookrunners and joint lead managers Commonwealth Bank of Australia, J.P. Morgan and RBS Australia.