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Tuesday 24 March 2015 by FIIG Research New issues list

New Issues

New issues and updates for the week ending 24 March 2015

The Australian Office of Financial Management (AOFM)

Yesterday, the AOFM priced the syndication of a new fixed rate bond maturing in 20 years.

Volume: A$4.25bn
Coupon rate: 2.75%
Issue yield: 2.865%
Maturity date: 21 June 2035

BHP Billiton Finance (BHP Billiton)

BHP Billiton priced a new deal on March 19 it is a senior-unsecured fixed rate issue maturing in five years at 87bps over semi quarterly swap.

Volume: A$1bn
Coupon rate: 3.0%
Issue yield: 3.15%
Maturity date: 30 March 2020

National Australia Bank (NAB)

Last Thursday, NAB priced its debut Basel III-compliant tier two transaction in the Australian market. The ten year deal is non-callable until 26 March 2020 at 185bps over the 3 month bank bill swap rate (3mBBSW).

Volume: A$1.1bn
Coupon type: FRN
Coupon rate: 3mBBSW + 185bps
Maturity date: 26 March 2025

Oesterreichische Kontrollbank (OKB)

OKB priced an increase of A$75m to its 2025 fixed rate bond issue, the total outstanding in this line is A$200m priced at 67.5bps over the ACGB.

Volume: A$75m
Coupon rate: 3.20%
Issue yield: 3.0575%
Maturity date: 25 August 2025

Sumitomo Mitsui Banking Corporation Sydney Branch (SMBC)

Yesterday, SMBC priced a new floating rate note (FRN) issue at 102 bps over 3mBBSW.

Volume: A$850m
Coupon type: FRN
Coupon rate: 102bps + 3mBBSW
Maturity date: 7 April 2020

Source: KangaNews, FIIG Securities

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