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Tuesday 21 July 2015 by FIIG Research New issues list

New Issues

New issues for the period 15 – 21 July including floating rate note transactions from DBNGP and TD Bank

DBNGP Finance (DBNGP)

On 17 July, DBNGP priced a new floating rate note transaction at 200 basis points (bps) over Bank Bill Swap Rate (BBSW).

Volume: A$55m
Coupon rate: 200 bps + BBSW
Issue/re-offer price: par
Maturity date: 28 September 2023

KfW Bankengruppe

On 17 July, KfW added A$650m to its existing 2020 fixed rate bond line at 64.75 bps over the Australian Commonwealth Government Bond (ACGB).

Total outstanding in this line: A$1.7bn
Coupon rate: 2.75%
Issue yield: 2.8625%
Maturity date: 16 April 2020

Nederlandse Waterschapsbank (NWB)

On 17 July, NWB added A$25m to its existing 2025 fixed rate bond line at 74.5 bps over the ACGB.

Total outstanding in this line: A$255m
Coupon rate: 3.4%
Issue yield: 3.705%
Maturity date: 22 July 2025

Toronto Dominion Bank (TD Bank)

On 15 July, TD Bank priced a floating rate note (FRN) transaction which its second deal in the local market.

Volume: A$350m
Coupon rate: 48 bps + 3m BBSW
Issue/re-offer price: par
Maturity date: 23 January 2017

Source: KangaNews, FIIG Securities

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