Tuesday 15 March 2016 by FIIG Research New issues list

New issues

New issues for the period 9 – 15 March 2016: Liberty Financial has priced a new RMBS transaction across nine tranches

Liberty Financial (Liberty)

Liberty priced a residential backed mortgage securities (RMBS) transaction on 7 March. The RMBS, Liberty Series 2016-1 deal has a total volume of A$300m across nine tranches.

Liberty Series 2016-1
Note class Tranche volume WAL Margin to swap
0.15 years
 1m BBSW +70bps
2.5 years
 1m BBSW +165bps
 A2  A$42.0m 2.5 years   1m BBSW +225bps
 B  A$21.9m 3.7 years  1m BBSW +300bps
 C   A$4.8m  3.7 years   ND
 D  A$5.1m 3.7 years   ND 
 E  A$3.9m 3.7 years  ND
 F   A$3.3m  3.7 years  ND
 G  A$3m  4 years   ND

Overseas Chinese Banking Corporation Sydney Branch (OCBC Sydney)

OCBC Sydney priced a new domestic four year floating rate note on 10 March.

Volume: A$300m
Coupon rate: 3mBBSW +120bps
Issue/re-offer price:  par
Maturity date: 17 March 2020

African Development Bank (AfDB)

AfDB priced a new 2026 Kangaroo bond on 11 March.

Volume: A$30m
Coupon rate: 4.5%
Issue/re-offer price: 111.378% (plus 1.316% accrued)
Maturity date: 2 June 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