New issues for the period 16 – 22 March 2016 including: IMF Bentham issues fixed rate four year bond through FIIG Securities
CAF – Development Bank of Latin America (CAF)
CAF priced a priced a new, fixed rate five year bond on 22 March at 182.5 basis points (bps) over the Australian Commonwealth Government Bond (ACGB).
Volume: A$150m
Coupon rate: 4.00%
Issue/re-offer price: 99.966%
Maturity date: 31 March 2021
IMF Bentham (IMF)
On 22 March, IMF launched a new four fixed rate bond, targeting A$30m with oversubscriptions up to A$50m. The bonds will pay a fixed coupon of 7.4% p.a. The deal’s lead manager is FIIG Securities.
ING Bank Australia (ING Australia)
ING Australia priced a new residential mortgage backed mortgage securities (RMBS) transaction on 18 March. The RMBS deal has a total volume of A$690m across three tranches.
Note class: A
Tranche volume: A$800.0m
WAL: 2.8 years
Margin to swap: 146bp/1m BBSW
Note class: AB
Tranche volume: A$26.5m
WAL: 5.4 years
Margin to swap: ND
Note class: B
Tranche volume: A$43.5m
WAL: 5.4 years
Margin to swap: ND
Newcastle Permanent Building Society (NPBS)
NPBS priced a new senior unsecured three year floating rate bond on 16 March.
Volume: A$200m
Coupon rate: 3m BBSW +160bp
Issue/re-offer price: par
Maturity date: 22 March 2019
Please note that FIIG may not trade in all of the above securities, contact your FIIG representative for more information.
Source: KangaNews, FIIG Securities