Tuesday 04 December 2018 by Facilitation New issues list

New issues - week ending 30 November 2018

New issues for the week ending Friday 30 November 2018 including: Agricultural Bank of China, ANZ, BNG Bank, EUROFIMA, ME Bank, SBS

Agricultural Bank of China

Agricultural Bank of China issued a new, A$400m three year bond on 26 November 2018.

Volume: A$400m
Total outstanding in this line: A$400m
Coupon type: FRN
Coupon rate: 3m BBSW +105bps
Issue/re-offer price: par
Margin to swap: 105bps/3m BBSW
Maturity date: 3 December 2021

ANZ Banking Group (ANZ)

ANZ issued a new, A$3.25bn dual tranche domestic transaction on 27 November 2018. 

Three-year tranche
Volume: A$1bn
Total outstanding in the line: A$1bn
Coupon type: FRN
Coupon rate: 3m BBSW +82bps
Issue/re-offer price: par
Margin to swap: 82bps/3m BBSW
Maturity date: 6 December 2021

Five-year tranche
Volume: A$2.25bn
Total outstanding in the line: A$2.25bn
Coupon type: FRN
Coupon rate: 3m BBSW +103bps
Issue/re-offer price: par
Margin to swap: 103bs/3m BBSW
Maturity date: 6 December 2023

BNG Bank (BNG)

BNG priced an increase to its 2029 kangaroo bond on 30 November 2018. 

Volume: A$30m
Total outstanding in the line: A$310m
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 101.14% (plus 0.381% accrued) 
Issue yield: 3.17%
Margin to swap: 49bps/s-q
Margin to ACGB: 58.5bps/April 2029
Maturity date: 26 April 2029

EUROFIMA

EUROFIMA issued a new, A$50m kangaroo bond on 29 November 2018.

Volume: A$50
Total outstanding in the line: A$100m
Coupon type: fixed
Coupon rate: 3.35%
Issue/re-offer price: 100.438% (plus 0.13% accrued) 
Issue yield: 3.3%
Margin to swap: 58bps/s-q
Margin to ACGB: 68bps/April 2029
Maturity date: 21 May 2029

ME Bank 

ME Bank issued a new, A$100m AT1 transaction on 29 November 2018.

Volume: A$100m
Total outstanding in the line: A$100m
Coupon type: FRN
Coupon rate: 3m BBSW +500bps
Issue/re-offer price: par
Margin to swap: 500bps/3m BBSW
Maturity date: Perpetual

Southland Building Society (SBS)

SBS issued a new, A$30m callable Tier 2 bond on 30 November 2018. 

Volume: A$30m
Total outstanding in the line: A$30m
Coupon type: FRN
Coupon rate: 3m BBSW +375bps
Issue/re-offer price: par
Margin to swap: 375bps/3m BBSW
Maturity date: 6 December 2028


Source: KangaNews



Get your free copy of The Benefits of Corporate Bonds eBook

Get a copy of The Benefits of Corporate Bonds eBook

Subscribe to The WIRE newsletter

Sign up to a free weekly newsletter to get the latest investment news.