Credit Suisse Sydney Branch has mandated CBA, Credit Suisse AG and NAB for its inaugural 4 year AUD benchmark issue from its Australian Debt Issuance Programme. Pricing expected in the near future.
HSBC (Aa2 / AA / AA) has announced a benchmark size 5-year fixed rate A$ transaction.
Price guidance is Swap + 125bpts area (sa/qtly).
The unsecured and unsubordinated bonds will be priced tomorrow.
HSBC is the sole bookrunner on the transaction. Joint leads are ANZ, CBA, HSBC, NAB and Westpac.
Inter-American Development Bank has launched $300 million minimum increase to the 6.5pct 20 Aug 2019 Kangaroo via CBA and TD Securities. The deal will be priced later this week.
This is IADB’s third Kangaroo issue this year. In January, IADB launched a $750m 5.375pct 27 May 2014 Kangaroo tap via CBA and HSBC, as well as a $500m 5.5pct 29 May 2013 Kangaroo via ANZ, JPM and UBS.