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Tuesday 14 April 2015 by FIIG Research New issues list

New Issues

New issues and updates for the week ending 14 April 2015

ABN AMRO Bank (ABN AMRO)

ABN AMRO priced a new fixed rate deal on April 1 at 115 bps over semi-quarterly swap.

Volume: A$225m
Coupon rate: 3.25%
Issue yield: 3.355%
Maturity date: 9 April 2020

ANZ Banking Group (ANZ)

On 9 April, ANZ priced a new senior unsecured floating rate note issue over five years. It’s the banks first domestic issue, of this kind, this year.

Volume: A$2.5bn
Coupon type: FRN
Coupon rate: 3m BBSW +82bps
Maturity date: 17 April 2025

BNG Bank

BNG Bank priced an increase to its 2025 Kangaroo line on 1 April, the total outstanding is now A$500m.

Volume: A$50m
Coupon rate: 3.25%
Issue yield: 3.1175%
Maturity date: 15 July 2025

European Investment Bank (EIB)

EIB priced a new 10.5 year bond on 9 April at 59.25bps over the Australia Commonwealth Government Bond (ACGB).

Volume: A$200m
Coupon rate: 2.90%
Issue yield: 2.93%
Maturity date: 17 October 2025

Rabobank Nederland Australia Branch (Rabobank Australia)

On 1 April, Rabobank Australia priced an increase to its existing 2024 line, the total oustanding amount is now A$300m.

Volume: A$50m
Coupon rate: 5.50%
Issue yield: 3.555%
Maturity date: 13 April 2024

A week later, Rabobank Australia priced a new issue of floating rate notes at 65bps over the bank bill swap rate.

Volume: A$500m
Coupon type: FRN
Coupon rate: 3m BBSW +65bps
Maturity date: 20 October 2017

Rentenbank

Rentenbank priced a new fixed rate deal on 1 April at 55bps over the ACGB.

Volume: A$300m
Coupon rate: 2.5%
Issue yield: 2.5225%
Maturity date: 13 April 2021

Shopping Centres Australia Property Group (SCA Property)

On Monday, SCA Property launched its inaugaral fixed rate deal in the local market. The deal is priced at 145bps over semi quarterly swap.

Volume: A$175m
Coupon rate: 3.75%
Issue yield: 3.775%
Maturity date: 20 April 2021

South Australian Government Financing Authority (SAFA)

Yesterday, SAFA priced a new fixed rate transaction at 53bps over the ACGB.

Volume: A$500m
Coupon rate: 2.75%
Issue yield: 2.835%
Maturity date: 16 April 2025

Source: KangaNews, FIIG Securities

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