New issues for the period 24 February – 1 March 2016 including: two floating rate note transactions from Rabobank Australia and Westpac
CNH Capital
On 26 February, CNH Capital priced a new asset backed securities (ABS) transaction, the total deal volume was A$350m.
| Note class | A2 | B | C | D |
| Tranche volume | A$198m | A$11.3m | A$10.5m | A$6.2m |
| WAL | 1.8 years | 2.4 years | 2.4 years | 2.4 years |
| Margin to swap | 3m BBSW+130bps | 3m BBSW+200bps | 3m BBSW+250bps | ND |
Nederlandse Waterschapsbank
On 25 February, Nederlandse Waterschapsbank priced a new fixed rate bond at 77 basis points (bps) over the Australian Commonwealth Government Bond (ACGB).
Volume: A$50m
Coupon rate: 3.15%
Issue yield: 3.18%
Maturity date: 2 September 2026
Rabobank Nederland Australia Branch (Rabobank Australia)
On 26 February, Rabobank Australia priced a new floating rate note transaction.
Volume: A$800m
Coupon rate: 3m BBSW+150bps
Issue/re-offer price: par
Maturity date: 4 March 2021
Westpac Banking Corporation (Westpac)
Westpac priced a new floating rate note transaction on 25 February 2016.
Volume: A$525m
Coupon rate: 3m BBSW+310bps
Issue/re-offer price: par
Maturity date: 10 March 2026
Please note that FIIG may not trade in all of the above securities, contact your FIIG representative for more information.
Source: KangaNews, FIIG Securities