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The Wire

Wednesday 22 October 2025 by FIIG Research

General

New Issues 9th October to 17th October 2025

National Australia Bank Ltd
Volume: A$1bn
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.1%
Issue/re-offer price: 99.311
Maturity Date: 16 October 2035
Pricing date: 09 October 2025

Volkswagen Financial Services Australia Pty Ltd
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.2%
Issue/re-offer price: 99.787
Maturity Date: 16 October 2030
Pricing date: 09 October 2025

National Australia Bank Ltd
Volume: A$350m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.1%
Issue/re-offer price: par
Maturity Date: 16 October 2028
Pricing date: 09 October 2025

Patrick Terminals Finance Pty Ltd
Volume: A$250m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.107%
Issue/re-offer price: par
Maturity Date: 22 October 2032
Pricing date: 15 October 2025

Societe Generale SA
Volume: A$200m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 5.17%
Issue/re-offer price: par
Maturity Date: 17 October 2035
Pricing date: 10 October 2025

Weir Group Australian Holdings Pty Ltd
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.2%
Issue/re-offer price: 99.813
Maturity Date: 23 January 2031
Pricing date: 16 October 2025

Patrick Terminals Finance Pty Ltd
Volume: A$350m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.549%
Issue/re-offer price: par
Maturity Date: 22 October 2035
Pricing date: 15 October 2025

Stockland Trust
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.346%
Issue/re-offer price: par
Maturity Date: 24 October 2035
Pricing date: 17 October 2025

Victoria Power Networks Finance Pty Ltd
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.07%
Issue/re-offer price: par
Maturity Date: 27 April 2032
Pricing date: 17 October 2025

Victoria Power Networks Finance Pty Ltd
Volume: A$450m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.714%
Issue/re-offer price: par
Maturity Date: 27 April 2032
Pricing date: 17 October 2025

Kingdom of Belgium Government International Bond
Volume: A$175m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.19%
Issue/re-offer price: par
Maturity Date: 17 October 2030
Pricing date: 10 October 2025

E.ON SE
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.461%
Issue/re-offer price: par
Maturity Date: 21 October 2035
Pricing date: 15 October 2025

BMW International Investment BV
Volume: A$100m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.6%
Issue/re-offer price: par
Maturity Date: 21 October 2027
Pricing date: 14 October 2025

Lendlease Finance Ltd
Volume: A$450m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.2%
Issue/re-offer price: par
Maturity Date: Perpetual
Pricing date: 15 October 2025

Ram Income Capital Ltd
Volume: A$300m
Ranking: Secured
Coupon Type: FRN
Coupon Rate: 1mBBSW+3%
Issue/re-offer price: par
Maturity Date: 10 April 2032
Pricing date: 10 October 2025

Australian Military Bank Ltd
Volume: A$20m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+2.05%
Issue/re-offer price: par
Maturity Date: 24 January 2036
Pricing date: 16 October 2025

DBS Bank Ltd/Australia
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.49%
Issue/re-offer price: par
Maturity Date: 27 October 2027
Pricing date: 16 October 2025

Natixis SA
Volume: A$23m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 5.26%
Issue/re-offer price: par
Maturity Date: 27 October 2035
Pricing date: 15 October 2025

Shinhan Bank/Sydney
Volume: A$50m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.51%
Issue/re-offer price: par
Maturity Date: 28 October 2026
Pricing date: 16 October 2025

Morgan Stanley Finance LLC
Volume: A$80m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.18%
Issue/re-offer price: par
Maturity Date: 23 October 2035
Pricing date: 16 October 2025

International Finance Corp
Volume: A$40m
Ranking: Unsecured
Coupon Type: Fixed
Coupon Rate: 5%
Issue/re-offer price: par
Maturity Date: 23 October 2040
Pricing date: 16 October 2025

Morgan Stanley Finance LLC
Volume: A$50m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.27%
Issue/re-offer price: par
Maturity Date: 23 October 2035
Pricing date: 16 October 2025

Dominion Investment Group Ltd
Volume: A$425m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 1mBBSW+3%
Issue/re-offer price: par
Maturity Date: 13 October 2032
Pricing date: 13 October 2025

Wells Fargo Finance LLC
Volume: A$15m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.15%
Issue/re-offer price: par
Maturity Date: 30 October 2035
Pricing date: 17 October 2025

Canadian Imperial Bank of Commerce
Volume: A$80m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.165%
Issue/re-offer price: par
Maturity Date: 24 October 2037
Pricing date: 17 October 2025

National Australia Bank Ltd
Volume: A$1.65bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.6%
Issue/re-offer price: par
Maturity Date: 16 October 2028
Pricing date: 09 October 2025

Credit Agricole Corporate & Investment Bank SA
Volume: A$37m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 5.24%
Issue/re-offer price: par
Maturity Date: 16 October 2035
Pricing date: 09 October 2025

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