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Tuesday 13 June 2017 by FIIG Research New issues list

New Issues

New issues for the period 13 June 2017 – 20 June 2017 including: Aurizon, Bank of Communications Sydney Branch, Columbus Capital, Inter-American Development Bank and Volkswagen Australia

Aurizon Network (Aurizon)

Aurizon issued a new, seven year domestic bond on 14 June 2017.

Volume: A$425m
Outstanding volume in this line: A$425m
Coupon type: fixed
Coupon rate: 4.00%
Issue/re offer price: 99.307%
Issue yield: 4.115%
Margin to swap: 177bps
Maturity date: 21 June 2024

Bank of Communications Sydney Branch (BoCom Sydney)

BoCom Sydney issued A$375m in a new floating rate note on 14 June 2017.

Volume: A$375m
Outstanding volume in this line: A$375m
Coupon type: floating rate note
Coupon rate: 3m BBSW +105bps
Issue/re offer price: par
Margin to swap: 105bps/3m BBSW
Maturity date: 21 September 2020

Columbus Capital (Columbus)

Columbus launched its latest Australian dollar denominated residential mortgage backed securities deal, Triton 2017-1, on 19 June. Indicative volume is set at A$350m.

Inter-American Development Bank (IADB)

IADB issued a new 15 year kangaroo bond on 14 June 2017.

Volume: A$55m
Outstanding volume in this line: A$55m
Coupon type: fixed
Coupon rate: 3.29%
Issue/re offer price: 99.918%
Issue yield: 3.297%
Margin to ACGB: 52.2bps/April 2033
Maturity date: 28 June 2032

Volkswagen Financial Services Australia (Volkswagen Australia)

Volkswagen Australia issued A$500m in its domestic market return on 14 June 2017.

Volume: A$500m
Outstanding volume in this line: A$500m
Coupon type: fixed
Coupon rate: 2.95%
Issue/re offer price: 99.822%
Issue yield: 3.0125%
Margin to swap: 110bps
Maturity date: 22 June 2020

Source: KangaNews/FIIG Securities

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