Wednesday 11 December 2019 by FIIG Research General

New Issues 29 November - 6 December

New issues for the week ending Friday 29 November 2019

Bank Australia
Bank Australia prints A$125 million three-year sustainability bond
Volume: A$125m
Total outstanding in the line: A$125m
Coupon type: FRN
Coupon rate: 3m BBSW +90bps
Issue/re-offer price: par
Margin to swap: 90bps/3m BBSW
Maturity date: 2 December 2022

KfW Bankengruppe (KFW)
Full pricing details for KFW’s A$150 million February 2021 Kangaroo tap
Volume: A$150m
Total outstanding in the line: A$1.7bn
Coupon type: fixed
Coupon rate: 2.8%
Issue/re-offer price: 102.201% (plus 0.845%)
Issue yield: 0.9475%
Margin to swap: 24bps/s-q
Margin to ACGB: 25.25bps/May 2021
Maturity date: 17 February 2021

NAOS Small Cap Opportunities (NAOS SCO)
NAOS SCO prints A$27 million five-year deal
Volume: A$27m
Total outstanding in the line: A$27m
Coupon type: fixed
Coupon rate: 4.95%
Issue/re-offer price: par
Issue yield: 4.95%
Maturity date: 3 December 2024

Oversea-Chinese Banking Corporation Sydney Branch (OCBC)
OCBC Sydney prints A$500 million three-year Green Bond
Volume: A$500m
Total outstanding in the line: A$500m
Coupon type: FRN
Coupon rate: 3m BBSW +63bps
Issue/re-offer price: par
Margin to swap: 63bps/3m BBSW
Maturity date: 5 December 2022

Week ending Friday 6 December 2019

Bendigo and Adelaide Bank (BEN)
BEN prints A$500 million 2.75-year FRN transaction
Volume: A$500m
Total outstanding in the line: A$500m
Coupon type: FRN
Coupon rate: 3m BBSW +85bps
Issue/re-offer price: par
Margin to swap: 85bps/3m BBSW
Maturity date: 12 September 2022

CNH Industrial Capital Australia (CNH Capital)
CNH Capital prints A$175 million three-year deal
Volume: A$175m
Total outstanding in the line: A$175m
Coupon type: fixed
Coupon rate: 2.1%
Issue/re-offer price: 99.899%
Issue yield: 2.135%
Margin to swap: 140bps/s-q
Maturity date: 12 December 2022

National Australia Bank (NAB)
NAB prints A$500 million AT1 deal in wholesale format
Volume: A$500m
Total outstanding in the line: A$500m
Coupon type: fixed
Coupon rate: 4.95%
Issue/re-offer price: par
Issue yield: 4.95%
Margin to swap: 375bps/s-q
Maturity date: perpetual
Uniting Financial Services 
Uniting Financial Services prices A$30 million SDG bond
Volume: A$30m
Total outstanding in the line: A$30m
Coupon type: FRN
Coupon rate: 3m BBSW +325bps
Source: KangaNews