BOQ brings first regional bank sub deal of 2008
Bank of Queensland (BBB+/A2/BBB+) (BOQ) priced a A$170 million (US$163.42 million) 10NC5 subordinated bond on May 29 – the first subordinated transaction from one of Australia's regional banks since the credit crisis.
ML speaks to Aussie investors though no deal imminent
Merrill Lynch (A+/A1/A+) (ML) has held an investor update in Australia, and while no deal is expected in the coming days sources say the market is inching closer to the return of offshore financial institutions with investor interest continuing to pick up.
States and AOFM respond to Treasury announcement
There has been an early positive response to the Treasurer of the Commonwealth of Australia Wayne Swan’s May 20 announcement that the government will increase debt issuance, the Australian Office of Financial Management (AOFM)’s investment mandate will be expanded and that semi-government bond issuance will be exempt from interest withholding tax.RBCCM leads first KangaNews Roo + domestic league table
Dominant market share in the Kangaroo sector has propelled RBC Capital Markets (RBCCM) to top spot in KangaNews's first combined Kangaroo and Australian domestic intermediary league table, excluding self-led deals.
EIB's 2013 Roo hits A$2 billion with A$500 million tap [UPDATED]
European Investment Bank (AAA/Aaa/AAA) (EIB)’s 2013 Kangaroo bond is the first from a triple-A rated issuer to reach A$2 billion (US$1.92 billion) in size following the May 20 increase of A$500 million to the line.