Tuesday 22 September 2015 by FIIG Research New issues list

New issues

New issues for the period 16 - 22 September including: Integrated Packaging Group's announcement of the launch of a new fixed rate issue with FIIG as the lead manager and more

Bank of Queensland (BOQ)

On 18 September, BOQ priced a new asset backed securities (ABS) transaction, Series 2015-1 REDS EHP Trust. The ABS issue has a total volume of A$750m across six tranches.

Series 2015-1 REDS EHP Trust

Class A Class B Class C Class D  Class E  Class seller note 
Volume A$592.50m A$43.50m A$36.00m A$18.00m A$18.75m  A$41.25m
WAL 1.7 years 2.2 years 2.2 years 2.2 years  2.2 years  2.2 years
Margin to swap 1m BBSW+92bps 1m BBSW+170bps Not disclosed  Not disclosed Not disclosed  Not disclosed
 

BNG Bank

On 16 September, BNG Bank added A$35m to its existing fixed rate bond line at 74bps over the Australian Commonwealth Government Bond (ACGB).

Total outstanding in the line: A$875m
Coupon rate: 3.25%
Issue yield: 3.53%
Maturity date: 15 July 2025

Industrial and Commercial Bank of China Sydney Branch (ICBC Sydney)

On 18 September, ICBC Sydney priced a new three year floating rate note issue at 115bps over the 3 month Bank Bill Swap Rate (BBSW).

Volume: A$300m
Coupon rate: 115 bps + 3m BBSW
Issue/re-offer price: par
Maturity date: 24 September 2018

Integrated Packaging Group (IPG)

On 18 September, IPG announced the launch of a new fixed rate issue for up to A$40m. FIIG is the lead manager of the four year senior unsecured issue. The bond is available to wholesale investors only with a minimum investment of A$50,000.

International Finance Corporation (IFC)

On 16 September, IFC priced an increase of A$25m to its existing fixed rate bond line.

Total outstanding in the line: A$875m
Coupon rate: 4%
Issue yield: 3.1725%
Maturity date: 3 April 2025

Liberty Financial (Liberty)

Liberty priced a new commercial mortgage backed securities (CMBS) transaction on 17 September. The total volume for the CMBS is A$300m across eight tranches.

Liberty Series 2015-1 SME

Class A1 Class A2 Class B Class C Class D Class E Class F  Class G 
Volume A$195.0m A$21.0m A$32.0m A$19.6m A$12.7m A$4.4m A$5.6m  A$9.7m 
WAL 1.8 years 3.7 years 3.7 years 3.7 years 3.7 years 3.7 years 3.7 years  4.0 years 
Margin to swap 1m BBSW+150bps 1m BBSW+195bps Not disclosed Not disclosed Not disclosed Not disclosed  Not disclosed  Not disclosed 

Oesterreichische Kontrollbank (OKB)

OKB priced an increase of A$25m to its existing fixed rate bond line on 16 September.

Total outstanding in the line: A$300m
Coupon rate: 3.20%
Issue yield: 3.4325%
Maturity date: 25 August 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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