News
On 21 February, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) launched a new five-year Kangaroo bond. The forthcoming deal is being marketed at 34 basis points area over semi-quarterly swap and 41 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Citi, J.P. Morgan and RBC Capital Markets.
Nordic Investment Bank (NIB) (AAA/Aaa) launched a new, minimum A$50 million (US$39.4 million) 10.5-year Kangaroo bond on 21 February, via Citi and TD Securities. Indicative price guidance for the forthcoming transaction is 43 basis points area over semi-quarterly swap. The deal will price on the day of launch.
On 21 February, GPT Wholesale Shopping Centre Fund (A-/S&P) revealed plans to engage investors for a potential 10-year senior-unsecured domestic deal. Indicative price guidance is 160 basis points area over semi-quarterly swap, according to lead managers Commonwealth Bank of Australia and National Australia Bank.
On 21 February, Pepper Group (Pepper) disclosed plans to meet with investors regarding a possible nonconforming residential mortgage-backed securities (RMBS) transaction. Citi, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank will arrange the meetings.
Late in the Sydney day on 20 February, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$30 million (US$23.6 million) tap to its July 2028 Kangaroo bond, via lead manager Citi. Indicative price guidance is 53 basis points area over semi-quarterly swap and 59 basis points area over Australian Commonwealth government bond.