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Monday 18 April 2016 by FIIG Research New issues list

New Issues

New issues for the period 12 April – 20 April 2016 including: Bendigo and Adelaide Bank, CAF – Development Bank of Latin America, Canadian Imperial Bank of Commerce and Royal Bank of Canada Sydney Branch

Bendigo and Adelaide Bank (BEN)

BEN priced a new, five year floating rate bond on 13 April 2016.
Volume: A$650m
Type: FRN
Coupon rate: 3m BBSW +146bps
Issue/re-offer price: par
Margin to swap: 146bps/3m BBSW
Maturity date: 20 April 2021

CAF – Development Bank of Latin America (CAF)

CAF priced a new ten year fixed rate bond on 14 April 2016.
Volume: A$80m
Type: fixed
Coupon rate: 4.5%
Issue/re-offer price: 101.45%
Issue yield: 4.32%
Maturity date: 30 September 2026

Canadian Imperial Bank of Commerce (CIBC)

CIBC priced a new five year floating rate benchmark bond on 12 April 2016.
Volume: A$400m
Type: FRN
Coupon rate: 3m BBSW +110bps
Issue/re-offer price: par
Margin to swap: 110bps/3m BBSW
Maturity date: 19 April 2021

L-Bank

L-Bank priced a new ten year fixed rate bond on 13 April 2016.
Volume: A$70m
Coupon type: fixed
Coupon rate: 3%
Issue/re-offer price: 98.05%
Issue yield: 3.22%
Maturity date: 18 August 2026

Royal Bank of Canada Sydney Branch (RBC Sydney)

RBC Sydney priced a new ten year fixed rate bond on 13 April 2016.
Volume: A$35m
Coupon type: fixed
Coupon rate: 4.2%
Issue/re-offer price: 102.87%
Issue yield: 3.85%
Maturity date: 22 June 2026

World Bank

World Bank priced a new five and ten year fixed rate bond on 12 April 2016.

2021 tranche: fixed
Volume: A$550m
Coupon rate: 2.8%
Issue/re-offer price: 101.54%
Issue yield: 2.62%
Maturity date: 19 October 2026

2026 tranche: fixed
Volume: A$150m
Coupon rate: 3%
Issue/re-offer price: 99.62%
Issue yield: 3.04%
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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