Historical impact of European summer on AUD issuance small
The European summer has not traditionally slowed Australian dollar issuance to an enormous extent, with KangaNews data indicating July has in the past actually been one of the busiest months for Kangaroo borrowers in particular.QTC borrowing increases as TCorp looks to CPI market
Up to A$11.43 billion (US$10.92 billion) of Queensland Treasury Corporation (AAA/Aaa) (QTC)’s A$16.3 billion borrowing requirement for the 2008-9 financial year will be sourced in AUD term markets, according to the state treasury’s June 25 borrowing programme announcement.No slowdown predicted by AUD issuance patterns
Taken alone, quarterly issuance patterns from recent years suggest there is no reason to expect a wholesale drop-off in new deals from 2008’s most significant sectors of borrowers in Australia – major local financial institutions and top-rated offshore names.Westpac achieves tight pricing and upsizing of hybrid
The tier one hybrid transaction brought to market by Westpac Banking Corporation (Westpac) has set margin at the tighter end of its indicative range, 240 basis points above three-month BBSW, on June 26 while also being upsized to A$950 million (US$907.25 million).Jumbo self-led catapults CommBank to league table top
After taking sole lead manager position on its own A$1.75 billion (US$1.66 billion) domestic deal, Commonwealth Bank of Australia (CommBank) has taken top spot in KangaNews's domestic league table when self-led deals are included. CommBank is now more than A$1 billion of issuance clear of its nearest rival, nabCapital.