News
On 29 June, Mystate Bank mandated National Australia Bank for a potential 10-year non-call five-year (10NC5), subordinated, floating-rate note (FRN) transaction. An investor update call will be held on the day of the announcement.
The following interview is with an Australia-based securitisation banker. It was conducted on 24 June 2020.
Australian dollar corporate issuance picked up significantly in the final week of June, as just under A$1.9 billion (US$1.3 billion) was printed in transactions from Brisbane Airport, Optus Finance and WSO Finance. Meanwhile, National Housing Finance and Investment Corporation executed its third syndicated transaction.
The following interview is with a Singapore-based fixed-income syndicate banker. It was conducted on 24 June 2020.
Growing subscription from community housing providers (CHPs) to National Housing Finance and Investment Corporation (NHFIC)’s programme led to the agency’s largest social bond to date.
Kauri issuance rebounded in May-June as more than NZ$2.6 billion (US$1.7 billion) priced, including a rare 10-year transaction of record volume for the tenor. Technical demand drivers are at play but intermediaries suggest positive conditions could remain even as a supply gap closes in the second half of 2020.
On 25 June, Firstmac mandated ANZ, J.P. Morgan, National Australia Bank, Standard Chartered and Westpac Institutional Bank to engage investors regarding an Australian dollar denominated residential mortgage-backed securities (RMBS) transaction.
The following interview is with an Australian-based corporate treasurer. It was conducted on 23 June 2020.
