Tuesday 19 December 2017 by FIIG Research New issues list

New Issues

New issues for the period 12 December – 19 December 2017 including: IFC, Macquarie and QTC

International Finance Corporation (IFC)

IFC priced an increase to its 2027 kangaroo bond on 13 December 2017.

Volume: A$50m
Total outstanding in the line: A$500m
Coupon type: fixed
Coupon rate: 3.2%
Issue/re-offer price: 101.603% (plus 0.554% accrued)
Issue yield: 3.01%
Margin to swap: 43bps/s-q
Margin to ACGB: 51.25bps/April 2027
Maturity date: 18 October 2027

Macquarie Bank (Macquarie)

Macquarie issued a new, A$100m 18 month floating rate note on 18 December 2017.

Volume: A$100m
Total outstanding in the line: A$100m
Coupon type: FRN
Coupon rate: 3m BBSW +45bps
Issue/re-offer price: par
Margin to swap: 45bps/3m BBSW
Maturity date: 21 June 2019

Queensland Treasury Corporation (QTC)

QTC issued a new, A$70m private placement on 13 December 2017.

First tap
Volume: A$50m
Pricing date: 12 December 2017
Settlement date: 19 December 2017
Coupon type: fixed
Coupon rate: 4.2%
Issue/re-offer price: 104.121% (plus 1.381% accrued)
Issue yield: 3.925%
Margin to ACGB: 66bps/March 2047

Second tap
Volume: A$20m
Pricing date: 13 December 2017
Settlement date: 19 December 2017
Coupon type: fixed
Coupon rate: 4.2%
Issue/re-offer price: 104.302% (plus 1.381% accrued)
Issue yield: 3.95%
Margin to ACGB: 66bps/March 2047
Maturity date: 19 December 2047 


Source: KangaNews

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