News
On 14 June, Columbus Capital (Columbus) started taking indications of interest for its Triton 2017-1 residential mortgage-backed securities (RMBS) issue, according to lead managers Credit Suisse, National Australia Bank and Westpac Institutional Bank. Indicative volume on the forthcoming deal is A$350 million (US$264 million).
In the wake of its first domestic deal in more than two years, Holcim Finance Australia (Holcim)’s lead managers attest to the strength of international and domestic demand for this issuer. They suggest momentum was helped by the limited volume of triple-B-band issuance during 2017 as well as the global name and positioning of Holcim’s parent and guarantor, LafargeHolcim.
On 14 June, Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2/A) launched a minimum A$300 million (US$226.1 million) 3.25-year senior benchmark bond. Initial price guidance on the September 2020-maturity transaction is in the area of 108 basis points over three-month bank bill swap rate.
On 14 June, Auswide Bank (Auswide) revealed it has started taking indications of interest for its new Australian dollar-denominated residential mortgage-backed securities (RMBS) issue, ABA Trust 2017-1. The transaction is expected to price in the near future, according to arranger ANZ and joint lead manager Westpac Institutional Bank.
Volkswagen Financial Services Australia (Volkswagen Australia), the Australian funding arm of Volkswagen Financial Services (BBB+/A2), has updated guidance on the three-year, Australian dollar deal it launched on 13 June. The issuer is seeking a minimum of A$200 million (US$151 million) in the ANZ- and RBC Capital Markets-led deal, which is being marketed at 115 basis points over swap area. Pricing is due on 14 June.
Bank of Communication Sydney Branch (BoCom Sydney) (A-/A2/A) mandated a new, 3.25-year Australian dollar-denominated senior benchmark bond on 13 June. Initial price talk is in the area of 108 basis points over three-month bank bill swap rate.
On 13 June, Aurizon Network (Aurizon) (BBB+/Baa1) launched a new seven-year Australian dollar-denominated transaction. Initial price talk is in the area of 190 basis points over semi-quarterly swap.
Holcim Finance Australia printed A$300 million (US$226.1 million) in its first domestic deal since March 2015 during the first full week of June. Official deal distribution data reveal final books exceeded A$1 billion. Meanwhile, South Australian Government Financing Authority added A$750 million to its September 2027 benchmark bond via syndication.
On 9 June, Adelaide Airport (BBB/Baa2), via its funding vehicle New Terminal Financing Company, mandated banks to organise a series of debt-investor meetings to begin on 19 June, with a potential debt capital markets transaction to follow.
Aurizon Network (BBB+/Baa1) revealed on 8 June that it is has mandated banks for a new seven-year domestic deal with launch planned as early as week beginning 12 June. The announcement comes hard on the heels of a series of investor meetings which began on 1 June.
