New issues for the period 11 - 18 August including: Bendigo and Adelaide Bank, Corporación Andina de Fomento and Credit Suisse Sydney
Bendigo and Adelaide Bank (BEN)
BEN priced a new floating rate note transaction at 110 bps over the 3 month Bank Bill Swap Rate (BBSW) on 11 August.
Volume: A$600m
Coupon rate: 110 bps + 3m BBSW
Issue/re-offer price: par
Maturity date: 18 August 2020
Corporación Andina de Fomento (CAF)
CAF priced an increase of A$50m to its 2025 fixed rate bond line on 11 August.
Total outstanding in this line: A$275 million
Coupon rate: 4.50%
Issue yield: 4.43%
Maturity date: 5 June 2025
Credit Suisse, Sydney Branch (Credit Suisse Sydney)
Credit Suisse Sydney priced a new floating rate note transaction on 18 August at 105 bps over 3 month BBSW.
Volume: A$750m
Coupon rate: 3m BBSW + 105bps
Issue/re-offer price: par
Maturity date: 24 August 2018
Kexim
On 12 August, Kexim priced a dual tranche issue with a maturity date of 19 February 2015.
Fixed rate tranche
Volume: A$300m
Coupon rate: 3.70%
Issue yield: 3.7425%
Floating rate tranche
Volume: A$350m
Coupon rate: 3m BBSW + 120bps
Issue/re-offer price: par
Kommuninvest
On 11 August, Kommuninvest added A$425m to its 2025 fixed rate line at 75 bps over the ACGB.
Total outstanding in this line: A$125m
Coupon rate: 2.9%
Issue yield: 3.535%
Maturity date: 22 October 2025
Province of Manitoba (Manitoba)
On 13 August, Manitoba priced a A$50m increase to its 2025 bond line at 66.5bps over the ACGB.
Total outstanding in this line: A$300m
Coupon rate: 4.25%
Issue yield: 3.44%
Maturity date: 3 March 2025
QIC Shopping Centre Fund
On 13 August, the issuer priced a new fixed rate bond line at 135 bps over semi quarterly swap.
Volume: A$200m
Coupon rate: 3.75%
Issue yield: 3.935%
Maturity date: 24 February 2021
Resimac
The issuer priced a new RMBS transaction on 11 August across four tranches, called, Resimac Premier Series 2015-1.
| Class A | Class AB | Class B1 | Class B2 |
| Volume | A$450m | A$30m | A$17.5m | A$2.5m |
| WAL | 2.6 years | 4.1 years | 4.1 years | 5.0 years |
| Margin to swap | 1m BBSW+100bps | 1m BBSW+195bps | 1m BBSW+315bps |
1m BBSW+540bps
|
Suncorp Metway
On 13 August, Suncorp Metway priced a new floating rate note transaction.
Volume: A$200m
Coupon rate: 3m BBSW + 52bps
Issue/re-offer price: par
Maturity date: 20 February 2017
Tasmanian Public Finance Corporation (Tascorp)
Tascorp priced a new fixed rate deal on 12 August at 50.25 bps over the ACGB.
Volume: A$300m
Coupon rate: 3.25%
Issue yield: 3.275%
Maturity date: 19 February 2026
Western Australian Treasury Corporation (WATC)
WATC added A$750m to its fixed rate 2020 bond line on 18 August.
Total outstanding in this line: A$2.545bn
Coupon rate: 2.5%
Issue yield: 2.67%
Maturity date: 22 July 2020
*Please note that FIIG may not trade in the above securities, contact your FIIG Representative for more information.
Source: KangaNews, FIIG Securities