News
On 19 January, Kookmin Bank (A+/A1/A) revealed plans for a series of meetings with Australian dollar debt investors in Australia and Asia. The meetings, to be arranged by HSBC, will be held in the week beginning 29 January.
KangaNews is pleased to make its full transaction list from the Australian and New Zealand debt markets for calendar 2017 – including Kangaroo, Kauri and Australian securitisation deals – available for the first time.
On 19 January, Province of Alberta (Alberta) (A+/Aa1) launched a minimum A$50 million (US$40.1 million) increase to its December 2026 Kangaroo bond, via RBC Capital Markets. The forthcoming transaction is being marketed at 56 basis points area over semi-quarterly swap and 62.75 basis points area over Australian Commonwealth government bond. The deal will price on the day of launch.
Oesterreichische Kontrollbank (OKB) (AA+/Aa1) launched a minimum A$25 million (US$20 million) increase to its August 2027 Kangaroo line late in the Sydney day on 18 January. The forthcoming transaction has indicative price guidance of 59 basis points area over semi-quarterly swap and is expected to price on 19 January, according to lead manager TD Securities.
On 18 January, Credit Suisse Group (Credit Suisse) (BBB+/Baa2/A-) revealed plans to meet with Australian and Asian investors in relation to a potential senior-unsecured, total loss-absorbing capacity (TLAC)-eligible, Australian dollar deal. Commonwealth Bank of Australia, Credit Suisse and National Australia Bank are arranging the meetings, which will begin on 29 January.
On 18 January, Coöperatieve Rabobank Australia Branch (Rabobank Australia) (A+/Aa2/AA-) launched a minimum A$300 million (US$239.3 million) five-year domestic deal to be issued in either or both of fixed- and floating-rate formats. Indicative price guidance on the forthcoming transaction is 82 basis points area over swap benchmarks. Pricing is expected on or before 19 January, according to lead managers Commonwealth Bank of Australia, National Australia Bank and UBS.
NWB Bank (NWB) (AAA/Aaa) will price a minimum A$50 million (US$40 million) new 10.5-year Kangaroo line on 18 January, after the transaction was launched late Sydney time the day prior. Price guidance for the July 2028 maturity transaction is 62 basis points over semi-quarterly swap, according to lead managers Daiwa Capital Markets, J.P. Morgan and RBC Capital Markets.