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Tuesday 20 October 2015 by FIIG Research New issues list

New issues

New issues for the period 13 to 20 October including: Suncorp-Metway priced a new transaction across a fixed and floating line and a number of increases to existing bond lines

Australian Office of Financial Management (AOFM)

AOFM priced a new 2039 fixed rate bond on 14 October at 68 basis points to the implied bid yield for the 10 year Treasury bond futures contract.

Volume: A$4bn
Coupon type: fixed
Coupon rate: 3.25%
Issue yield: 3.345%
Maturity date: 21 June 2039

International Finance Corporation (IFC)

IFC priced an increase of A$50m to its 2025 fixed rate bond line on 16 October.

Total outstanding in this line: A$975m
Coupon rate: 4%
Issue yield: 3.025%
Maturity date: 3 April 2025

KfW Bankengruppe (KfW)

On 16 October, KfW added A$300m to its 2020 fixed rate bond line.

Total outstanding in this line: A$2bn
Coupon rate: 2.75%
Issue yield: 2.5775%
Maturity date: 16 April 2020

Province of Manitoba (Manitoba)

Manitoba has added A$75m to its existing 2025 fixed rate bond on 16 October.

Total outstanding in this line: A$375m
Coupon rate: 4.25%
Issue yield: 3.411%
Maturity date: 3 March 2025

Rentenbank

On 15 October, Rentenbank added A$100m to its existing fixed rate 2026 bond. It is priced at 54.5 basis points over the Australian Commonwealth Government Bond (ACGB).

Volume: A$100m
Coupon type: fixed
Coupon rate: 4.75%
Issue yield: 3.1825%
Maturity date: 6 May 2026

Suncorp-Metway

On 13 October, Suncorp-Metway priced a new transaction across a fixed and floating line. The maturity date for both lines is 20 October 2020.

Floating rate
Volume: A$550m
Coupon rate: 3m BBSW +125bps
Issue/re-offer price: par

Fixed rate
Volume: A$200m
Coupon rate: 3.5%
Issue yield: 3.585%

Western Australian Treasury Corporation (WATC)

On 21 October, WATC increased its existing 2025 fixed rate bond line by A$600m.

Total outstanding in this line: A$2.7227bn
Coupon rate: 5%
Issue yield: 3.3050%
Maturity date: 23 July 2025

*Please note that FIIG may not trade in the above securities, contact your FIIG Representative for more information.

Source: KangaNews, FIIG Securities

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