New issues for the period 13 to 20 October including: Suncorp-Metway priced a new transaction across a fixed and floating line and a number of increases to existing bond lines
Australian Office of Financial Management (AOFM)
AOFM priced a new 2039 fixed rate bond on 14 October at 68 basis points to the implied bid yield for the 10 year Treasury bond futures contract.
Volume: A$4bn
Coupon type: fixed
Coupon rate: 3.25%
Issue yield: 3.345%
Maturity date: 21 June 2039
International Finance Corporation (IFC)
IFC priced an increase of A$50m to its 2025 fixed rate bond line on 16 October.
Total outstanding in this line: A$975m
Coupon rate: 4%
Issue yield: 3.025%
Maturity date: 3 April 2025
KfW Bankengruppe (KfW)
On 16 October, KfW added A$300m to its 2020 fixed rate bond line.
Total outstanding in this line: A$2bn
Coupon rate: 2.75%
Issue yield: 2.5775%
Maturity date: 16 April 2020
Province of Manitoba (Manitoba)
Manitoba has added A$75m to its existing 2025 fixed rate bond on 16 October.
Total outstanding in this line: A$375m
Coupon rate: 4.25%
Issue yield: 3.411%
Maturity date: 3 March 2025
Rentenbank
On 15 October, Rentenbank added A$100m to its existing fixed rate 2026 bond. It is priced at 54.5 basis points over the Australian Commonwealth Government Bond (ACGB).
Volume: A$100m
Coupon type: fixed
Coupon rate: 4.75%
Issue yield: 3.1825%
Maturity date: 6 May 2026
Suncorp-Metway
On 13 October, Suncorp-Metway priced a new transaction across a fixed and floating line. The maturity date for both lines is 20 October 2020.
Floating rate
Volume: A$550m
Coupon rate: 3m BBSW +125bps
Issue/re-offer price: par
Fixed rate
Volume: A$200m
Coupon rate: 3.5%
Issue yield: 3.585%
Western Australian Treasury Corporation (WATC)
On 21 October, WATC increased its existing 2025 fixed rate bond line by A$600m.
Total outstanding in this line: A$2.7227bn
Coupon rate: 5%
Issue yield: 3.3050%
Maturity date: 23 July 2025
*Please note that FIIG may not trade in the above securities, contact your FIIG Representative for more information.
Source: KangaNews, FIIG Securities