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Barclays Bank Australia Branch (Barclays Australia) disclosed on June 16 that it has repurchased more than A$497 million (US$367.4 million) of a possible A$1.3 billion in face value of its April 2019 notes. The buyback offer was aimed at holders of A$600 million of fixed-rate and A$700 million of floating-rate notes, which were originally issued in March 2014 and, according to KangaNews data, were set to mature in April 2019. They originally priced at 105 basis points over swap.
In the wake of National Australia Bank (NAB)'s largest residential mortgage-backed securities (RMBS) transaction since 2006, the issuer tells KangaNews that participation from new offshore accounts demonstrates ongoing confidence in the Australian housing market, which in turn helped to drive the deal's record volume.
KangaNews is pleased to present the results of its 2016 Fixed-Income Research Poll. This is the only independent, specialist poll of fixed-income investors' views on relevant research in the Australian market. This year marks the sixth consecutive year the poll has been running, and the 2016 response – more than 70 legitimate votes were received from qualifying institutional investors – was a record.
Infratil (NR) disclosed pricing on its new New Zealand domestic retail transaction to the NZX on June 16. The two tranches of unsecured fixed-rate notes mature on June 15 2021 and June 15 2024. The trasaction is targeted at New Zealand retail investors.
Optus Finance (Optus) announced on June 15 that it plans to hold a series of fixed- income investor meetings in Melbourne and Sydney during the week of June 27. According to KangaNews data, Optus was last in the domestic market in June last year when it raised A$250 million (US$184.1 million) of June 2022 maturity bonds.
Suncorp-Metway (Suncorp) has priced its fourth domestic covered bond transaction on June 15. On June 14 the deal's lead managers revealed that the five-year bond would have indicative price guidance of 105-110 basis points over three-month bank bills.
On June 14, World Bank (AAA/Aaa) priced an increase to its January 2021 Kauri bond. According to KangaNews data, the deal is the issuer's second tap to this line. It was introduced in January for volume of NZ$550 million (US$386.6 million) and increased in April by a further NZ$600 million.
ANZ Banking Group (ANZ) says the US dollar tier-one transaction it priced on June 7 obviates local capacity constraints as well as enables the bank to access tenor which fits its desired overall funding profile. The issuer also confirms that it was able to print Australia's first offshore major-bank additional-tier one issue since 2009 thanks to a new, more commercial interpretation of tax provisions.