Wednesday 06 March 2019 by Facilitation New issues list

New Issues - 18 February to 1 March 2019

New issues for the week ending Friday 1 March 2019, including: ADB, IFC, KfW, Liberty, McDonald, QTC, Virgin

Asian Development Bank (ADB)

ADB taps its 2029 Kangaroo by A$100 million

Volume: A$100m
Total outstanding in this line: A$350m
Coupon type: fixed
Coupon rate: 3.1%
Issue/re-offer price: 104.114%
Issue yield: 2.64%
Margin to swap: 42bps/s-q
Margin to ACGB: 57.35bps/April 2029
Maturity date: 15 June 2029

International Finance Corporation (IFC)

IFC adds A$25 million to its 2029 Kangaroo

Volume: A$25m
Total outstanding in this line: A$350m
Coupon type: fixed
Coupon rate: 3.15%
Issue/re-offer price: 104.481%
Issue yield: 2.65%
Margin to swap: 42bps/s-q
Margin to ACGB: 56bps/April 2029
Maturity date: 26 June 2029

KfW Bankengruppe (KfW)

KFW Bankengruppe prices A$150 million 2024 Kangaroo tap

Volume: A$150m
Total outstanding in the line: A$2.15bn
Coupon type: fixed
Coupon rate: 5%
Issue/re-offer price: 113.118% 
Issue yield: 2.23%
Margin to swap: 40bps/s-q
Margin to ACGB: 50.3bps/April 2024
Maturity date: 19 March 2024

Liberty Financial (Liberty)

Liberty prices A$200 million three-year domestic FRN

Volume: A$200m
Total outstanding in the line: A$200 million
Coupon type: FRN
Coupon rate: 3m BBSW +325bps
Issue/re-offer price: par
Margin to swap: 325bps/3m BBSW
Maturity date: 7 March 2022

McDonald’s Corporation (McDonald)

Mcdonald’s prints jumbo A$1.4 billion multi-tranche Kangaroo

Five-year FRN
Volume: A$300m
Total outstanding in the line: A$300m
Coupon rate: 3m BBSW +113bps
Issue/re-offer price: par
Margin to swap: 113bps/3m BBSW
Maturity date: 8 March 2024

Five-year fixed
Volume: A$500m
Total outstanding in the line: A$500m
Coupon rate: 3%
Issue/re-offer price: 99.873%
Issue yield: 3.0275%
Margin to swap: 113bps/s-q
Maturity date: 8 March 2024

7.5-year fixed
Volume: A$200m
Total outstanding in the line: A$200m
Coupon rate: 3.45%
Issue/re-offer price: 99.722% 
Issue yield: 3.4925%
Margin to swap: 140bps/s-q
Maturity date: 8 September 2026

10-year fixed
Volume: A$400m
Total outstanding in the line: A$400m
Coupon rate: 3.8%
Issue/re-offer price: 99.753% 
Issue yield: 3.83%
Margin to swap: 158bps/s-q
Maturity date: 8 March 2029

Queensland Treasury Corporation (QTC)

QTC prices A$1.25 billion 10-year syndicated Green bond

Volume: A$1.25bn
Total outstanding in the line: A$1.25bn
Coupon type: fixed
Coupon rate: 2.5%
Issue/re-offer price: 98.69%
Issue yield: 2.65%
Margin to EFP: +59bps 
Margin to ACGB: 58.9bps/April 2029
Maturity date: 6 March 2029

Virgin Australia Holdings (Virgin)

Virgin prices A$250 million five-year non-call three-year domestic deal

Volume: A$250 million (US$178.9 million)
Total outstanding in the line: A$250 million
Coupon type: fixed
Coupon rate: 8.075%
Issue/re-offer price: par
Issue yield: 8.075%
Margin to swap: ND
Maturity date: 5 March 2024

New issues for the week ending Friday 18 February 2019, including: BNG, BNP, CUA, KfW, World Bank, WATC, Pepper.

BNG Bank (BNG)

BNG Bank adds A$15 million to July 2029 ‘Renewable-Energy’ Kangaroo bond

Volume: A$15m
Total outstanding in the line: A$40m
Coupon type: fixed
Coupon rate:2.95%
Issue/re-offer price: 101.569% (plus 0.228% accrued)
Issue yield: 2.7755%
Margin to swap: 54bps/s-q
Margin to ACGB: 72bps/April 2029
Maturity date: 31 July 2029

BNP Paribas (BNP)

Pricing details on BNP Paribas’s dual-tranche senior nonpreferred five-year EMTN

Floating-rate tranche
Volume: A$375m
Total outstanding in the line: A$375m
Coupon rate: 3m BBSW +175bps
Issue/re-offer price: par
Margin to swap: 175bps/3m BBSW
Maturity date: 28 February 2024

Fixed-rate tranche
Volume: A$100m
Total outstanding in this line: A$100m
Coupon rate: 3.599%
Issue/re-offer price: par
Issue yield: 3.599%
Margin to swap: 175bps/s-q
Maturity date: 28 February 2024

Credit Union Australia (CUA)

CUA prices A$200 million three-year FRN

Volume: A$200m
Total outstanding in the line: A$200m
Coupon type: FRN
Coupon rate: 3m BBSW +123bps
Issue/re-offer price: par
Margin to swap: 123bps/3m BBSW
Maturity date: 4 March 2022

KfW Bankengruppe (KfW)

KFW prints A$300 million September 2026 Kangaroo tap

Volume: A$300m
Total outstanding in the line: A$1.25bn
Coupon type: fixed
Coupon rate: 3.2%
Issue/re-offer price: 104.709% 
Issue yield: 2.51%
Margin to swap: 46bps/s-q
Margin to ACGB: 59bps/April 2026
Maturity date: 11 September 2026

World Bank (World Bank)

World Bank nets A$1.3 billion in new February 2024 Kangaroo bond

Volume: A$1.3bn
Total outstanding in the line: A$1.3bn
Coupon type: fixed
Coupon rate: 2.2%
Issue/re-offer price: 99.765%
Issue yield: 2.25%
Margin to swap: 38bps/s-q
Margin to ACGB: 52.25bps/April 2024
Maturity date: 27 February 2024

Western Australia Treasury Corporation (WATC)

WATC prices A$1.015 billion July 2029 Syndicated deal

Volume: A$1.015bn
Total outstanding in the line: A$1.015bn
Coupon type: fixed
Coupon rate: 2.75%
Issue/re-offer price: 99.863% (plus 0.251% accrued)
Issue yield: 2.765%
Margin to ACGB: 63.1bps/April 2029
Maturity date: 24 July 2029

Pepper Prices (Pepper)

Pepper prices Australian dollar tranches of PRS 23 RMBS deal

New Issues

Source: KangaNews

 

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