New issues for the period 22 November – 29 November 2016 including: ANZ, Australian Postal Corporation and Greater Bank
Australia and New Zealand Banking Group (ANZ)
ANZ issued its first residential mortgage backed securities (RMBS) transaction since 2004 on 25 November 2016.
Total deal volume sits at A$2bn across seven note classes.
| Tranche | Volume (A$m) | WAL (years) | Margin to swap (bps) | Initial credit support |
| A1 | 1,084 | 2.83 | 107bps +1M BBSW | 8% |
| A2 | 70 | 4.96 | 160bps +1M BBSW | 4.5% |
| B | 48 | 4.96 | 225bps +1M BBSW
| 2.1% |
| C | 14 | 4.96
| 275bps +1M BBSW
| 1.4% |
| D | 12 | 4.96
| 375bps +1M BBSW
| 0.8% |
| E | 8 | 4.96
| 475bps +1M BBSW
| 0.4% |
| F | 8 | 4.96
| 600bps +1M BBSW
| 0% |
Australian Postal Corporation (Australia Post)
Australia Post issued a new, dual tranche Australian dollar bond on 24 November 2016.
Tranche one
Volume: A$100m
Outstanding volume in this line: A$100m
Coupon type: floating rate note
Coupon rate: 3m BBSW +100bps
Issue/re offer price: par
Margin to swap: 100bps/3m BBSW
Maturity date: 1 December 2021
Tranche two
Volume: A$180m
Outstanding volume in this line: A$180m
Coupon type: fixed
Coupon rate: 4%
Issue/re offer price: 99.531%
Issue yield: 4.0575%
Maturity date: 1 December 2026
Greater Bank
Greater Bank issued a new, three year domestic bond on 24 November 2016.
Volume: A$30m
Outstanding volume in this line: A$30m
Coupon type: floating rate note
Coupon rate: 3m BBSW +150bps
Issue/re offer price: par
Margin to swap: 150bps/3m BBSW
Maturity date: 29 November 2019
Source: KangaNews/FIIG Securities