insto - Australian financial markets

Bank Nederlandse Gemeenten has increased its May 2014 EMTN by A$50 million, taking the total program to A$200 million. Sole lead manager for the deal is TD Securities.

Details are as follows:
Issuer: Bank Nederlandse Gemeenten
Ratings: Aaa (Moody’s) AAA (S&P) AAA (Fitch)
Amount: A$50m
Settlement date: 28 July 2010
Maturity date: 12 May 2014
Issue price: 102.40 percent
Coupon: 6 percent
Sole lead manager: TD Securities
 

ANZ issues CHF100m EMTN

The coupon is 2 percent and the maturity date 8 July 2016.

BNG issues A$75m June 2013 EMTN increase

The coupon is 5.5 percent

Sole lead manager is TD Securities

Bank of Queensland will issue A$150 million in Lower Tier 2 convertible notes in a private placement.

The convertible notes will be issued in three tranches maturing June 2020. Tranche 1 will be A$60 million and Tranches 2 and 3 will be A$45 million. The notes will pay a monthly coupon equal to the 30 bank bill rate plus 400 basis points.

The convertible notes may be converted into BoQ shares, starting with Tranche 1 from 10 July 2011, Tranche 2 from 10 December 2011, and Tranche 3 from 10 June 2012.

QBE issued US$500m lower tier-2 subordinated debt, maturing June 2020.  The coupon is 3-month LIBOR +250bps, payable quarterly. After 12 months the holder has the option to convert to QBE ordinary shares.

QBE said the proceeds will be used to repay A$320 million in Eurobonds due in August and for general corporate purposes.