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Monday 03 August 2015 by FIIG Research New issues list

New Issues

New issues for the period 28 July – 4 August including Asian Development Bank, Inter-American Development Bank and a dual tranche issue from the Royal Bank of Canada Sydney Branch

Asian Development Bank (ADB)

ADB added A$500m to its existing fixed rate bond line on 31 July at 54 basis points (bps) over the Australian Commonwealth Government Bond (ACGB).

Total outstanding in this line: A$1.2bn
Coupon rate: 2.60%
Issue yield: 2.6075%
Maturity date: 16 January 2020

Inter-American Development Bank (IADB)

The issuer added a further A$100m to its outstanding fixed rate bond line at 54.75 bps over the ACGB.

Total outstanding in this line: A$1.55bn
Coupon rate: 3.25%
Issue yield: 2.6025%
Maturity date: 7 February 2020

International Finance Corporation (IFC)

On 28 July, IFC priced a new fixed rate bond line at 56.75 bps over the ACGB.

Volume: A$300m
Coupon rate: 2.7%
Issue yield: 2.7975%
Maturity date: 5 February 2021

Nordic Investment Bank (NIB)

On 29 July, NIB priced a new fixed rate bond issue at 54.5bps over the ACGB.

Volume: A$100m
Coupon rate: 3.40%
Issue yield: 3.4225%
Maturity date: 6 February 2026

Royal Bank of Canada Sydney Branch (RBC Sydney)

RBC Sydney priced a new A$1.1bn issue on 30 July across two tranches: fixed and floating rate. The maturity date is 7 August 2018.

Fixed rate tranche
Volume: A$200m
Coupon rate: 2.75%
Issue yield: 2.95%

Floating rate tranche
Volume: A$900m
Coupon rate: 72 bps+3m BBSW
Issue/re-offer price: par

SABMiller

The issuer priced a new fixed rate transaction on 30 July at 128 bps over the semi quarterly swap rate (s-q).

Volume: A$700m
Coupon rate: 3.75%
Issue yield: 3.7625%
Maturity date: 7 August 2020

*Please note that FIIG may not trade in the above securities, contact your FIIG Representative for more information.

Source: KangaNews, FIIG Securities

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