insto - Australian financial markets

KBN issues NZ$50m July 2014 Kauri.

The coupon is 5.75 percent.

Maturity date is 3 July 2014.

BNZ sells fixed and floating-rate RTDs

The Bank of New Zealand has launched and priced a five-year NZ$240 million fixed-rate registered transferable deposit issue, BNZ said.

The retail issue, rated AA (stable) by S&P and Aa2 (stable) by Moody’s, has a benchmark yield of 4.565 percent, an issue margin of 1.60 percent, and an issue yield of 6.165 percent. The coupon of 6.165 percent is payable semi-annually.

The issue matures on 13 August, 2015.

BNZ sells fixed and floating-rate RTDs

The Bank of New Zealand has launched and priced a five-year NZ$240 million fixed-rate registered transferable deposit issue, BNZ said.

The retail issue, rated AA (stable) by S&P and Aa2 (stable) by Moody’s, has a benchmark yield of 4.565 percent, an issue margin of 1.60 percent, and an issue yield of 6.165 percent. The coupon of 6.165 percent is payable semi-annually.

The issue matures on 13 August, 2015.

World Bank issues NZ$125m Dec 2014 bond.

Coupon is 5.375 percent.

Maturity date is 15 December 2014.

Taupo Council issues NZ$25m July 2012 FRN

Taupo District Council issued NZ$25 million in floating rate notes
with a maturity 23 July 2012. Sole lead manager for the deal is ANZ.

The details of the deal are:
Amount: NZ$25 million
Maturity: 23 July 2012
Coupon: Three-month BKBM + 120bps
Issue price: 100 percent
Sole lead manager: ANZ

Auckland City Council issues NZ$50m January 2014 bond

The coupon is BKBM + 0.88 percent

Sole lead manager is Bank of New Zealand

ANZ National prices NZ$350m July 2015 bond

ANZ National priced a NZ$350 million medium term bonds maturing 13 July 2015. Details are as follows:

Issuer: ANZ National
Ratings: Aa2 (Moody’s) AA (S&P) AA- (Fitch)
Issue amount: NZ$350 million
Maturity: 13 July 2015
Coupon: 6.51 percent semi-annual
Settlement date: 9 July 2010
Lead manager: ANZ National
Issue margin: 1.65 percent per annum
 

Hamilton City Council issues NZ$25m FRN

The bond pays the three-month BKBM + 0.85 percent

EFIC places NZ$100m December 2019 Uridashi

Export Finance & Insurance Corporation, Australia’s export credit agency, issued NZ$100m in a private placement deal, maturing 16 December 2019.

Proceeds were swapped to floating rate USD at sub 6-month Libor margin.

The details of the deal are:

Issuer: Export Finance & Insurance Corporation
Ratings: AAA (S&P)
Issue amount: NZ$100 million
Maturity: 16 December 2019
Coupon: 0.5 percent
Sole lead manager: Daiwa Capital Markets
Settlement date: 24 June 2010