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Tuesday 11 December 2018 by Facilitation New issues list

New issues - week ending 7 December 2018

New issues for the week ending Friday 7 December 2018: BNG, BOQ, NWB, Qudos Mutual

Bank of Queensland (BOQ)

BOQ issued a new, A$100m 2.25 year floating rate note on 3 December 2018.

Volume: A$100m
Total outstanding in the line: A$100m
Coupon type: FRN
Coupon rate: 3m BBSW +98bps
Issue/re-offer price: par
Margin to swap: 98bps/3m BBSW
Maturity date: 10 March 2021

BNG Bank (BNG)

BNG priced an increase to its July 2028 kangaroo bond on 4 December 2018.

Volume: A$60m
Total outstanding in the line: A$1.12bn
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 102.065%
Issue yield: 3.05%
Margin to swap: 46bps/s-q
Margin to ACGB: 52.25bps/May 2028
Maturity date: 17 July 2028

NWB Bank (NWB)

NWB priced an increase to its May 2029 kangaroo bond on 3 December 2018.

Volume: A$30m
Total outstanding in the line: A$350m
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 100.987% (plus 0.346% accrued)
Issue yield: 3.1875%
Margin to swap: 48bps/s-q
Margin to ACGB: 57.75bps/April 2029
Maturity date: 2 May 2029

NWB priced an increase to its July 2028 kangaroo bond on 6 December 2018.

Volume: A$75m
Total outstanding in the line: A$1.1bn
Coupon type: fixed
Coupon rate: 3.45%
Issue/re-offer price: 103.853%
Issue yield: 2.985%
Margin to swap: 47bps/s-q
Margin to ACGB: 51.25bps/May 2028
Maturity date: 17 July 2028

Qudos Mutual

Qudos Mutual issued a new, A$15m one year domestic floating rate note on 6 December 2018.

Volume: A$15m
Total outstanding in the line: A$15m
Coupon type: FRN
Coupon rate: 3m BBSW +85bps
Issue/re-offer price: par
Margin to swap: 85bps/3m BBSW
Maturity date: 13 December 2019

Source: KangaNews

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