Monday 04 February 2019 by Facilitation New issues list

New Issues - w/e 1 February 2019

New issues for the week ending Friday 1 February 2019, including: ANZ, BNG, L-Bank, NWB, QTC, Rentenbank

ANZ Banking Group (ANZ) 
ANZ prices jumbo A$4.1 billion multi-tranche domestic deal
Three-year FRN
Volume: A$1.5bn
Total outstanding in the line: A$1.5bn
Coupon rate: 3m BBSW +88bps
Issue/re-offer price: par
Margin to swap: 88bps/3m BBSW 
Maturity date: 8 February 2022

Five-year FRN
Volume: A$2.2bn
Total outstanding in the line: A$2.2bn
Coupon rate: 3m BBSW + 110bps
Issue/re-offer price: par
Margin to swap: 110bps/3m BBSW 
Maturity date: 8 February 2024

Five-year fixed-rate
Volume: A$400m
Total outstanding in the line: A$400m
Coupon rate: 3.1%
Issue/re-offer price: 99.943%
Issue yield: 3.1125%
Margin to swap: 110bps/s-q
Maturity date: 8 February 2024

BNG Bank (BNG) 
BNG Bank prices A$30 million April 2029 Kangaroo increase
Volume: A$30m
Total outstanding in the line: A$340m
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 103.507% (plus 0.943% accrued) 
Issue yield: 2.9%
Margin to swap: 54bps/s-q
Margin to ACGB: 66.75bps/April 2029
Maturity date: 26 April 2029  

L-Bank (L-Bank) 
L-Bank prints capped A$125 million increase to its June 2023 Kangaroo
Volume: A$125m
Total outstanding in the line: A$225m
Coupon type: fixed
Coupon rate: 2.7%
Issue/re-offer price: 101.178%
Issue yield: 2.4125%
Margin to swap: 48bps/s-q
Margin to ACGB: 63.5bps/April 2023 
Maturity date: 19 June 2023  

NWB Bank (NWB) 
NWB Bank adds A$30 million tap to May 2029 Kangaroo
Volume: A$30m
Total outstanding in the line: A$450m
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 102.913%
Issue yield: 2.9675%
Margin to swap: 59bps/s-q
Margin to ACGB: 71.75bps/April 2029
Maturity date: 2 May 2029 


Queensland Treasury Corporation (QTC) 
QTC prices A$1.25 billion four-year syndicated FRN
Volume: A$1.25bn
Total outstanding in the line: A$1.25bn
Coupon type: FRN
Coupon rate: 3m BBSW +21bps
Issue/re-offer price: par
Margin to swap: 21bps/3m BBSW
Maturity date: 6 February 2023 

Rentenbank (Rentenbank) 
Rentenbank prices A$50 million increase to April 2028 Kangaroo
Volume: A$50m
Total outstanding in the line: A$855m
Coupon type: fixed
Coupon rate: 3.25%
Issue/re-offer price: 103.967%
Issue yield: 2.7575%
Margin to swap: 45bps/s-q
Margin to ACGB: 52bps/May 2028
Maturity date: 12 April 2028

Source: KangaNews 

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