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Tuesday 27 October 2015 by FIIG Research New issues list

New issues

New issues in the domestic market for the period 20 to 27 October including: Bank of Queensland priced a new floating rate note transaction and Macquarie Bank priced a deal across a fixed and floating tranche

Auckland Council

On 23 October, Auckland Council priced an increase of A$25m to its existing 2026 fixed rate bond.

Total outstanding in this line: A$125m
Coupon rate: 3.5%
Issue yield: 3.385%
Maturity date: 9 March 2026

Bank of Queensland (BoQ)

On 23 October, BoQ priced a new floating rate note transaction at 115bps over the 3m Bank Bill Swap Rate (3m BBSW).

Volume: A$550m
Coupon rate: 3m BBSW +115bps
Issue/re-offer price: par
Maturity date: 29 April 2019

Groupe BPCE (BPCE)

On 20 October, BPCE priced a new fixed rate bond at 320bps over semi-quarterly swap rate (s-q).

Volume: A$175m
Coupon rate: 5.4%
Issue yield: 5.5075%
Maturity date: 27 October 2025

Inter-American Development Bank (IADB)

On 23 October, IADB priced an A$25m increase to its existing fixed rate bond line.

Total outstanding in this line: A$385m
Coupon rate: 2.75%
Issue yield: 3.165%
Maturity date: 30 October 2025

Macquarie Bank

Macquarie Bank priced a new deal with a total volume of A$900m across a floating and fixed tranche on 20 October 2015. The deal is set to mature on 26 October 2018.

Floating rate

Volume: A$750m
Coupon rate: 3m BBSW +105bps
Margin to swap: 105bp/3m BBSW

Fixed rate

Volume: A$150m
Coupon rate: 3%
Margin to swap: 105bp/s-q

Treasury Corporation of Victoria

The Treasury, on 22 October 2015, priced a new fixed rate bond at 53bps over the Australian Commonwealth Government Bond.

Volume: A$1bn
Coupon rate: 3%
Issue yield: 3.31%
Maturity date: October 20 2028

*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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