Tuesday 20 November 2018 by Facilitation New issues list

New issues - week ending 16 November 2018

New issues for the week ending Friday 16 November 2018 including: JP Morgan, SAFA


Eurofima issued a new, A$50m 10.5 year kangaroo bond on 14 November 2018.

Volume: A$50m
Total outstanding in the line: A$50m
Coupon type: fixed
Coupon rate: 3.35%
Issue/re-offer price: 99.715% 
Issue yield: 3.3825%
Margin to swap: 58bps/s-q
Margin to ACGB: 67.75bps/April 2029
Maturity date: 21 May 2029

J.P. Morgan Chase (JP Morgan)

JP Morgan issued a new, A$450m dual tranche callable deal on 13 November 2018.

6NC5 floating-to-floating-rate tranche
Volume: A$325m
Total outstanding in the line: A$325m
Call date: 22 November 2023
Coupon rate: 3m BBSW +113bps
Issue/re-offer price: par
Margin to swap: 113bps/3m BBSW
Maturity date: 22 November 2024

10.5NC9.5 fixed-to-floating-rate tranche
Volume: A$125m
Total outstanding in the line: A$125m
Call date: 22 May 2028
Coupon rate: 4.215%
Issue/re-offer price: par
Issue yield: 4.215%
Margin to swap: 145bps/s-q
Maturity date: 22 May 2029

South Australian Government Financing Authority (SAFA)

SAFA priced an increase to its May 2028 select line on 13 November 2018.

Volume: A$1bn 
Total outstanding in the line: A$2bn
Coupon type: fixed
Coupon rate: 3%
Issue/re-offer price: 98.331% (minus 0.033% accrued) 
Issue yield: 3.205%
Margin to EFP: +49bps
Margin to ACGB: 50.3bps/May 2028
Maturity date: 24 May 2028

Source: KangaNews