insto - Australian financial markets

NAB issues US$1bn Aug 2011 FRN

NAB on Friday sold a US$1 billion FRN in the US 144a market. The bond has a coupon of 3-month Libor plus 1 basis point.

The maturity date is 19 August 2011 and the sole lead manager was Barclays.
 

NAB Issues JPY100bn 5-year Samurai.

Maturity date is 6 August 2015.

Lead managers are NAB, Nomura Securities, Citigroup Capital Markets Japan and Mizuho Securities.

The deal is comprised of a JPY67.3bn fixed-rate bond with a coupon of 1.16 percent, and a JPY32.7bn floating-rate bond with a coupon of 3-month Yen Libor + 70bps.

IFC issues A$500m 10-year fixed rate note

The International Finance Corporation issued A$500 million in fixed rate notes. The coupon is 5.75 percent and bonds mature on 28 July 2020.

Lead managers for the deal are ANZ, Commonwealth Bank and UBS.

Details are as follows:
Issuer: International Finance Corporation
Ratings: Aaa (Moody’s) AAA (S&P)
Amount: A$500m
Settlement date: 28 July 2010
Maturity date: 28 July 2020
Coupon: 5.75 percent
Lead managers: ANZ, Commonwealth Bank and UBS

NAB issues EUR1.25bn July 2020 bond

National Australia Bank issued a EUR1.25 billion senior unsecured fixed rate bond, maturing 13 July 2020. Coupon is 4 percent annual.

The details of the deal are:

Issuer: National Australia Bank
Ratings: Aa1 neg (Moody’s) AA stab (S&P) AA stab (Fitch)
Issue amount: EUR1.25 billion
Maturity: 13 July 2020
Coupon: 4 percent, annual
Lead managers: Barclays, NAB, UBS
Pricing date: 5 July 2010
Settlement date: 13 July 2010

Macquarie prices SMART Trust

Macquarie Fixed Income and Currencies priced its SMART Series 2010-1 U.S. Trust, placing the equivalent of A$641.7 million in securitised vehicle loans with U.S. investors.

Macquarie said the issue was oversubscribed among 15 investors and further diversified the investor base for the SMART program.