News
On 21 August, Volkswagen Financial Services Australia (Volkswagen Australia) (BBB+/A3) launched a new, Australian dollar denominated five-year deal. The forthcoming transaction has indicative price guidance of 175 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ and Citi are joint lead managers.
On 21 August, MUFG Bank Sydney Branch (MUFG Sydney) (A/A1) launched a new, three-year domestic deal to come in either or both fixed- and floating-rate formats, with indicative price guidance of 72 basis points area over swap benchmarks. Pricing is expected as early as the day of launch, according to lead managers ANZ, MUFG Securities, Morgan Stanley, National Australia Bank and Westpac Institutional Bank.
World Bank achieved another significant milestone in the development of distributed-ledger technology (DLT) in debt-capital markets on 13 August, thanks to a first tap of its August 2020 Bond-i line. The increase also broadened the bond’s investor base and jurisdictional boundaries. The initial transaction was only made available to Australian domestic investors but the tap brought a Singapore-based investor into the fold.
On 21 August, Transpower New Zealand (Transpower) (AA-/Aa3) revealed plans for a six-year, senior-unsecured domestic transaction to institutional and New Zealand retail investors. Full details for the deal are expected to be released in late August. ANZ has been mandated as lead manager.
