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Wednesday 04 June 2025 by FIIG Research

General

New Issues 9 May to 22 May 2025

Macquarie Bank Ltd
Volume: A$750m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 6.1456%
Issue/re-offer price: par
Maturity Date: 29 May 2040
Pricing date: 22 May 2025

Lloyds Banking Group PLC
Volume: A$450m
Ranking: Senior Unsecured
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.189%
Issue/re-offer price: par
Maturity Date: 28 May 2031
Pricing date: 21 May 2025

Macquarie Bank Ltd
Volume: A$500m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.85%
Issue/re-offer price: par
Maturity Date: 29 November 2035
Pricing date: 22 May 2025

QBE Insurance Group Ltd
Volume: A$325m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.802%
Issue/re-offer price: par
Maturity Date: 21 May 2036
Pricing date: 14 May 2025

Airservices Australia
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.45%
Issue/re-offer price: 99.709
Maturity Date: 15 May 2035
Pricing date: 15 May 2025

Lloyds Banking Group PLC
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.55%
Issue/re-offer price: par
Maturity Date: 28 May 2031
Pricing date: 21 May 2025

Magnetic Rail Group Pty Ltd
Volume: A$175m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 9.25%
Issue/re-offer price: par
Maturity Date: 27 May 2030
Pricing date: 20 May 2025

Fonterra Co-operative Group Ltd
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.236%
Issue/re-offer price: par
Maturity Date: 19 May 2032
Pricing date: 09 May 2025

Norfina Ltd
Volume: A$1.2bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.93%
Issue/re-offer price: par
Maturity Date: 21 May 2030
Pricing date: 14 May 2025

Western Australian Treasury Corp
Volume: A$2bn
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.75%
Issue/re-offer price: 97.706
Maturity Date: 24 October 2035
Pricing date: 13 May 2025

QBE Insurance Group Ltd
Volume: A$275m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.95%
Issue/re-offer price: par
Maturity Date: 21 May 2036
Pricing date: 14 May 2025

Norfina Ltd
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.6%
Issue/re-offer price: 99.731
Maturity Date: 21 May 2030
Pricing date: 14 May 2025

MyState Ltd
Volume: A$100m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+2.75%
Issue/re-offer price: par
Maturity Date: 21 May 2035
Pricing date: 13 May 2025

Heritage and People's Choice Ltd
Volume: A$100m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+2.5%
Issue/re-offer price: par
Maturity Date: 23 May 2035
Pricing date: 16 May 2025

Australia & New Zealand Banking Group Ltd
Volume: A$50m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.2%
Issue/re-offer price: par
Maturity Date: 22 May 2035
Pricing date: 15 May 2025

Barclays Bank PLC
Volume: A$0.5m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5%
Issue/re-offer price: par
Maturity Date: 19 May 2035
Pricing date: 12 May 2025

National Australia Bank Ltd
Volume: A$156m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 3.885%
Issue/re-offer price: par
Maturity Date: 20 May 2026
Pricing date: 13 May 2025

Cooperatieve Rabobank UA/Australia
Volume: A$55m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 3.89%
Issue/re-offer price: par
Maturity Date: 20 May 2026
Pricing date: 13 May 2025

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