Wednesday 07 August 2019 by FIIG Securities New issues list

New Issues - 22 July to 2 August

New issues for the week ending Friday 2 August 2019, including: BNG Bank, Heritage, Mizuho, KfW, MAC, Lloyds.

BNG Bank (BNG)

BNG Bank prints A$15 million tap of April 2025 Kangaroo deal

Volume: A$15m
Total outstanding in the line:
Coupon type: Fixed
Coupon rate: 3.3%
Issue/re-offer price: par
Margin to swap: 52bps/s-q
Maturity Date: 26 April 2029

Heritage Bank

Heritage Bank prints A$200 million deal of Aug 2025 Kangaroo deal

Volume: A$200m
Total outstanding in the line:
Coupon type: FRN
Coupon rate: 3m BBSW +82bps
Issue/re-offer price: par
Margin to swap: 82bps/3m BBSW
Maturity Date: 12 Aug 2022

Mizuho Bank Sydney Branch

Floating-rate tranche
Volume: A$750m
Total outstanding in the line:
Coupon rate: 3m BBSW +75bps
Issue/re-offer price: par
Margin to swap: 75bps/3m BBSW

Fixed-rate tranche
Volume: A$250m
Total outstanding in the line:
Coupon rate: 1.725%
Issue/re-offer price: par
Margin to swap: 75bps/s-q

Maturity Date: 7 Aug 2024

KfW Bankengruppe

Volume: A$150
Total outstanding in the line:
Coupon type: Fixed
Coupon rate: 2.8%
Maturity Date: 7 Mar 2023

Macquarie Bank (MAC)

Floating-rate tranche
Volume: A$800m
Total outstanding in the line:
Coupon rate: 3m BBSW +80bps
Issue/re-offer price: par
Margin to swap: 80bps/3m BBSW

Fixed-rate tranche
Volume: A$550m
Total outstanding in the line:
Coupon rate: 1.75%
Issue/re-offer price: par
Margin to swap: 80bps/s-q

Maturity Date: 7 Aug 2024 

Lloyds Bank (Lloyds)

Floating-rate tranche
Volume: A$450m
Total outstanding in the line:
Coupon rate: 3m BBSW +90bps
Issue/re-offer price: par
Margin to swap: 90bps/3m BBSW

Fixed-rate tranche
Volume: A$250
Total outstanding in the line:
Coupon rate: 1.65%
Issue/re-offer price: par
Margin to swap: 90bps/s-q

Maturity Date: 12 Aug 2022

 

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