China Everbright Sydney starts marketing three-year deal

China Everbright Bank Sydney Branch (China Everbright Sydney) (BBB+/Baa2/BBB) began taking indications of interest for a potential new three-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction on 17 May.

PACCAR Financial launches new three-year benchmark deal

On 17 May, PACCAR Financial (A+ by S&P) launched a new three-year, Australian dollar denominated, benchmark transaction. The deal is being marketed at 50-52 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ, TD Securities and Westpac Institutional Bank are leading.

Precinct launches New Zealand dollar green bond

On 17 May, Precinct Properties New Zealand launched a NZ$100-150 million (US$72.5-108.7 million), six-year, senior-secured, green bond. Offered to institutional and New Zealand retail investors, indicative price guidance for the deal is 145-160 basis points area over mid-swap. Pricing is expected on 21 May, according to lead managers ANZ, BNZ, Forsyth Barr and Jarden Securities.

SkyCity revises margin and extends bookbuild for domestic deal

On 14 May, SkyCity Entertainment Group (BBB- by S&P) revised the indicative margin and extended the bookbuild for its NZ$125-175 million (US$89.80-125.7 million) six-year deal. In response to market changes, the margin has been revised to 160-170 basis points over mid swap from a range given at launch on 10 May of 170-190 basis points. The minimum interest rate remains 3 per cent.

Barclays prints A$600 million multi-tranche senior-callable deal