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Tuesday 05 April 2016 by FIIG Research New issues list

New Issues

New issues for the period 30 March – 5 April 2016 including: KfW Bankengruppe, Swedish Export Credit Corporation, ANZ Banking Group and Inter-American Development Bank

ANZ Banking Group (ANZ)

ANZ priced a new, self led, senior-unsecured domestic benchmark five year fixed rate bond on 31 March.

Tranche: Fixed rate
Tranche volume: A$175.0m
Coupon rate: 3.25%
Issue/re-offer price: 99.293%
Issue yield: 3.405%
Maturity date: 7 April 2021

Tranche: Floating rate
Tranche volume: A$2.4b
Coupon rate: 3m BBSW +118bps
Issue/re-offer price: par
Margin to swap: 118bps/3m BBSW
Maturity date: 7 April 2021

Inter-American Development Bank (IADB)

IADB priced a new nine year fixed rate floating rate bond on 31 March.

Volume: A$30m
Type: fixed
Coupon rate: 2.75%
Issue/re-offer price: 98.14%
Issue yield: 2.975%
Maturity date: 30 October 2025

KfW Bankengruppe (KfW)

KfW priced a priced a new, fixed rate four year bond on 1 April at 2.65%.

Volume: A$300m
Coupon rate: 2.75%
Issue/re-offer price: 99.966%
Maturity date: 31 March 2021

Kommunalbanken Norway (KBN)

KBN priced a new nine year fixed rate bond on 30 March 2016.

Volume: A$100m
Coupon type: fixed
Coupon rate: 4.25%
Issue/re-offer price: 109.164% (plus 0.946% accrued)
Maturity date: 16 July 2025

Municipality Finance (MuniFin)

Municipality Finance priced a new 10 year fixed rate bond on 31 March, 2016.

Volume: A$25m
Coupon type: fixed
Coupon rate: 3.5%
Issue/re-offer price: 102.552% (plus 0.615% accrued)
Maturity date: 4 February 2026

Oesterreichische Kontrollbank (OKB)

OKB priced a new nine year fixed rate bond on 31 March, 2016.

Volume: A$50m
Coupon rate: 3.2%
Issue/re-offer price: 100.726%
Maturity date: 25 August 2025

Rentenbank

Rentenbank priced a new 10 year fixed rate bond on 30 March, 2016.

Volume: A$90m
Coupon type: fixed
Coupon rate: 4.75%
Issue/re-offer price: 114.891% (plus 1.984% accrued)
Maturity date: 6 May 2026

Swedish Export Credit Corporation (SEK)

SEK priced new 10 year fixed rate bond on 1 April, 2016 at 3.235%.

Volume: A$25m
Coupon rate: 3.3%
Issue/re-offer price: 100.571% (plus 0.188% accrued)
Maturity date: 18 September 2026

*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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