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Wednesday 01 May 2019 by Facilitation New issues list

New Issues - 15 April to 26 April 2019

New issues for the week ending Friday 26 April 2019, including: IADB and NWB.

Inter-American Development Bank (IADB)

IADB prices A$25 million June 2029 Kangaroo Tap

Volume: A$25m
Total outstanding in the line: A$300m
Coupon type: fixed
Coupon rate: 3.15%
Issue/re-offer price: 106.346%
Issue yield: 2.44%
Margin to swap: 42bps/s-q
Margin to ACGB: 55bps/April 2029
Maturity date: 26 June 2029

NWB Bank (NWB)

NWB Bank prints A$15 million May 2029 Kangaroo increase

Volume: A$15m
Total outstanding in the line: A$545m
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 106.62%
Issue yield: 2.546%
Margin to swap: 53.5bps/s-q
Margin to ACGB: 64.85bps/April 2029
Maturity date: 2 May 2029

New issues for the week ending Thursday 18 April 2019, including: BOQ, Downer and SCA.

Bank of Queensland (BOQ)

BOQ prints A$500 million three-year domestic FRN

Volume: A$500m
Total outstanding in the line: A$500m
Coupon type: FRN
Coupon rate: 3m BBSW +90bps
Issue/re-offer price: par
Margin to swap: 90bps/3m BBSW
Maturity date: 29 April 2022

Downer Group Finance (Downer)

Downer prices new seven-year A$300 million deal

Volume: A$300m
Total outstanding in the line: A$300m
Coupon type: fixed
Coupon rate: 3.7%
Issue/re-offer price: 99.725%
Issue yield: 3.745%
Margin to swap: 185bps/s-q
Maturity date: 29 April 2026

Shopping Centres Australasia Property Group (SCA)

SCA property prints A$50 million tap of June 2024 domestic line

Volume: A$50m
Total outstanding in the line: A$225m
Coupon type: fixed
Coupon rate: 3.9%
Issue/re-offer price: 102.61%
Issue yield: 3.34%
Margin to swap: 165bps/s-q
Maturity date: 7 June 2024

Source: KangaNews

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