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 |
A1a
| A$40.0m
| 0.15 years
| 1m BBSW +70bps |
A1b
| A$176.0m
| 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