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Tuesday 14 July 2015 by FIIG Research New issues list

New Issues

New issues for the period 8 – 14 July including BNG Bank pricing two increases to its 2025 fixed rate line and CBA pricing a new FRN

BNG Bank

On 9 July, BNG priced a A$45m increase to its 2025 fixed rate bond line.

Total existing in this line: A$720m
Coupon rate: 3.25%
Issue yield: 3.6725%
Maturity date: 15 July 2025

On 13 July, BNG priced a further tap in this line adding A$60m.

Total existing in this line: A$780m
Issue yield: 3.795%

Commonwealth Bank (CBA)

CBA priced a new floating rate note (FRN) issue on 13 July.

Volume: A$1.5bn
Coupon rate: 3m BBSW +90bps
Issue/reoffer price: par
Maturity date: 17 July 2020

Source: KangaNews, FIIG Securities

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