New issues for the period 5 - 11 August including: The Australian Office of Financial Management, Queensland Treasury Corporation and MyState Bank
Australian Office of Financial Management (AOFM)
On 11 August, the AOFM priced a new inflation linked bond.
Coupon type: fixed
Coupon rate: 1.25%
Real yield to maturity: 1.245%
Maturity date: 21 August 2040
L-Bank priced an increase to its 2025 fixed rate bond line on 6 August 2015. The issuer added A$50m to the line at 71.75bps over the ACGB.
Total outstanding in this line: A$325m
Coupon rate: 4.25%
Issue yield: 3.53%
Maturity date: 7 August 2025
On 7 August, the issuer added a further A$25m to its 2025 line.
Total outstanding in this line: A$350m
Issue yield: 3.545%
The issuer priced a new floating rate note issue on 7 August at 500bps over the Bank Bill Swap Rate (BBSW).
Coupon rate: 500bp + 3m BBSW
Issue/re-offer price: par
Maturity date: 14 August 2025
Queensland Treasury Corporation (QTC)
QTC added A$1.25bn to its existing fixed rate bond line on 5 August at 46.75 basis points (bps) over the Australian Commonwealth Government Bond (ACGB).
Total outstanding in this line: A$4.71bn
Coupon rate: 4.75%
Issue yield: 3.29%
Maturity date: 21 July 2025
Swedish Export Credit Corporation (SEK)
On 6 August, the issuer added a further A$50m to its outstanding fixed rate bond line at 72bps over the ACGB.
Total outstanding in this line: A$200m
Coupon rate: 4.5%
Issue yield: 3.435%
Maturity date: 22 November 2024
Volkswagen Financial Services Australia (VW Australia)
VW Australia priced a new fixed rate bond issue on 6 August at 93bps over semi-quarterly swap.
Coupon rate: 3.25%
Issue yield: 3.3225%
Maturity date: 13 August 2019
*Please note that FIIG may not trade in the above securities, contact your FIIG Representative for more information.
Source: KangaNews, FIIG Securities