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Tuesday 12 April 2016 by FIIG Research New issues list

New Issues

New issues for the period 5 April – 13 April 2016 including: Asian Development Bank, Commonwealth Bank of Australia, Inter-American Development Bank and Suncorp-Metway

Asian Development Bank (ADB)

ADB priced a new, fixed rate ten year bond on 7 April at 3.03%.

Volume: A$225m
Type: fixed
Coupon rate: 3%
Issue/re-offer price: 99.66%
Issue yield: 3.03%
Maturity date: 14 October 2026

Commonwealth Bank of Australia (CommBank)

CommBank priced a new, senior-unsecured floating rate benchmark bond on 11 April.

Volume: A$2.0b
Type: FRN
Coupon rate: 3%
Coupon rate: 3m BBSW +98bps
Issue/re-offer price: par
Margin to swap: 98bps BBSW
Maturity date: 18 July 2019

EUROFIMA

EUROFIMA priced a new nine year fixed rate bond on 7 April.

Volume: A$25m
Type: fixed
Coupon rate: 3.9%
Issue/re-offer price: 107.01%
Issue yield: 3.05%
Maturity date: 19 December 2025

Inter-American Development Bank (IADB)

IADB priced a priced a new, fixed rate ten year bond on 6 April at 2.94%.

Volume: A$50m
Type: fixed
Coupon rate: 4.25%
Issue/re-offer price: 111.41%
Issue yield: 2.94%
Maturity date: 11 June 2026

KfW Banken-gruppe (KfW)

KfW priced a new four year fixed rate bond on 5 April 2016.

Volume: A$200m
Type: fixed
Coupon rate: 2.75%
Issue/re-offer price: 100.65%
Issue yield: 2.57%
Maturity date: 16 April 2020

New South Wales Treasury Corporation (TCorp)

TCorp priced a new nominal benchmark 12 year fixed rate bond on 7 April 2016.

Volume: A$1.0b
Coupon type: fixed
Coupon rate: 3%
Issue/re-offer price: 101.53% (plus 0.179% accrued)
Issue Yield: 2.8%
Maturity date: 20 March 2028

Nordic Investment Bank (NIB)

NIB priced a new ten year fixed rate bond on 7 April 2016.

Volume: A$70m
Coupon type: fixed
Coupon rate: 3.4%
Issue/re-offer price: 104.03%
Issue Yield: 2.9%
Maturity date: 6 February 2026

Royal Bank of Canada Sydney Branch (RBC Sydney)

RBC Sydney priced a new ten year fixed rate bond on 8 April 2016.

Volume: A$165m
Coupon type: fixed
Coupon rate: 4.2%
Issue/re-offer price: 103.88%
Issue Yield: 3.73%
Maturity date: 22 June 2026

Suncorp-Metway (Suncorp)

Suncorp priced a new five year, senior-unsecured benchmark fixed and floating rate bond on 6 April 2016.

Tranche: Fixed rate
Tranche volume: A$150m
Coupon rate: 3.50%
Issue/re-offer price: 99.727%
Issue yield: 3.56%
Maturity date: 12 April 2021

Tranche: Floating rate
Tranche volume: A$600m
Coupon rate: 3m BBSW +138bps
Issue/re-offer price: par
Margin to swap: 138bps/3m BBSW
Maturity date: 12 April 2021

*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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