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Wednesday 18 June 2025 by FIIG Research

General

New Issues 22 May to 10 June 2025

Westpac Banking Corp
Volume: A$1.5bn
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.815%
Issue/re-offer price: par
Maturity Date: 04 June 2040
Pricing date: 27 May 2025

BPCE SA
Volume: A$500m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 6.5618%
Issue/re-offer price: par
Maturity Date: 12 June 2040
Pricing date: 03 June 2025

Commonwealth Bank of Australia
Volume: A$400m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.252%
Issue/re-offer price: par
Maturity Date: 12 September 2035
Pricing date: 03 June 2025

BPCE SA
Volume: A$700m
Ranking: Senior Preferred
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.25%
Issue/re-offer price: par
Maturity Date: 12 June 2030
Pricing date: 03 June 2025

NatWest Markets PLC
Volume: A$600m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.3%
Issue/re-offer price: par
Maturity Date: 05 June 2030
Pricing date: 29 May 2025

Commonwealth Bank of Australia
Volume: A$1.1bn
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.7%
Issue/re-offer price: par
Maturity Date: 12 September 2035
Pricing date: 03 June 2025

Volkswagen Financial Services Australia Pty Ltd
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.108%
Issue/re-offer price: par
Maturity Date: 13 June 2029
Pricing date: 05 June 2025

NatWest Markets PLC
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.8875%
Issue/re-offer price: par
Maturity Date: 05 June 2030
Pricing date: 29 May 2025

BPCE SA
Volume: A$300m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 4.7638%
Issue/re-offer price: par
Maturity Date: 12 June 2030
Pricing date: 03 June 2025

ING Bank Australia Ltd
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.95%
Issue/re-offer price: par
Maturity Date: 13 June 2030
Pricing date: 03 June 2025

ING Bank Australia Ltd
Volume: A$1.25bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.8%
Issue/re-offer price: par
Maturity Date: 13 June 2028
Pricing date: 03 June 2025

Transurban Queensland Finance Pty Ltd
Volume: A$255m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.5%
Issue/re-offer price: 99.89
Maturity Date: 02 September 2032
Pricing date: 22 May 2025

Judo Bank Pty Ltd
Volume: A$175m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.45%
Issue/re-offer price: par
Maturity Date: 13 June 2028
Pricing date: 05 June 2025

Avanti Finance Ltd
Volume: A$130m
Ranking: Secured
Coupon Type: FRN
Coupon Rate: 3mBBSW+4.75%
Issue/re-offer price: par
Maturity Date: 10 September 2029
Pricing date: 30 May 2025

Barclays Bank PLC
Volume: A$100m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.5%
Issue/re-offer price: par
Maturity Date: 20 December 2026
Pricing date: 23 May 2025

Natixis SA
Volume: A$16m
Ranking: Senior Unsecured
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.57%
Issue/re-offer price: par
Maturity Date: 04 June 2035
Pricing date: 21 May 2025

Vontobel Financial Products Ltd
Volume: A$0.5m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 3.473%
Issue/re-offer price: par
Maturity Date: 31 July 2025
Pricing date: 10 June 2025

Natixis SA
Volume: A$17.6m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 4.1%
Issue/re-offer price: par
Maturity Date: 05 June 2030
Pricing date: 28 May 2025

KEB Hana Bank/Sydney
Volume: A$50m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 3.72%
Issue/re-offer price: par
Maturity Date: 05 June 2026
Pricing date: 28 May 2025

Barclays Bank PLC
Volume: A$0.98m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0%
Issue/re-offer price: par
Maturity Date: 02 June 2028
Pricing date: 21 May 2025

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