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Tuesday 26 May 2015 by FIIG Research New issues list

New Issues

New issues from 20 May - 26 May 2015 including: Macquarie’s second ABS for 2015 and ANZ debut domestic green bond progresses

ANZ Banking Group (ANZ)

On 26 May, ANZ launched its first green bond deal at a provisional price of 80 basis points over semi quarterly swap.

Queensland Treasury Corporation (QTC)

QTC priced an increase to its 2024 fixed rate line on 21 May. The total outstanding is now A$7.585bn at 52.75 bps over the Australian Commonwealth Government Bond (ACGB).

Volume: A$1bn
Coupon rate: 5.75%
Issue yield: 3.395%
Maturity date: 22 July 2024

Macquarie Bank (Macquarie)

On 21 May, Macquarie priced its asset-backed securities (ABS) issue called SMART ABS Series 2015-2 Trust. This is the issuer’s second ABS transaction of 2015 and has a total volume of A$900m across three tranches, including a seller notes class.

SMART ABS Series 2015-2 Trust

	Class A	Class B	Class seller notes
Volume	A$774.0m	A$22.5m	A$103.5m
WAL	2.0 years	2.7 years	2.7 years
Margin to swap	1m BBSW+85bps	ND	ND

Mizuho Bank Sydney Branch (Mizuho Sydney)

On 21 May, Mizuho priced a five year floating rate note issue at 105 bps over the 3 month bank bill swap rate (BBSW).

Volume: A$700m
Coupon rate: 3m BBSW + 105 bps
Issue/re-offer price: par
Maturity date: 28 May 2020

National Australia Bank (NAB)

On 26 May, NAB priced its first senior benchmark deal this year at 80bps over 3m BBSW. The floating rate note (FRN) offer is due to mature in five years.

Volume: A$1.9bn
Coupon rate: 3m BBSW + 80 bps
Issue/re-offer price: par
Maturity date: 3 June 2020

Westpac Banking Corporation (Westpac)

Westpac launched a new residential mortgage backed securities (RMBS) deal on Monday called WST 2015-1 Trust. The RMBS deal is advised to span across three tranches at a provisional volume of A$750m.

Source: KangaNews, FIIG Securities

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