insto - Australian financial markets

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 bond

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

The Bank of New Zealand launched and priced NZ$425 million in covered bonds, the first such deal in Australasia. The issue will be the first in the bank's NZ$3 billion program which was announced on June 2, 2010.

The deal includes NZ175 million in five-year covered bonds ,maturing 30 June , 2015 and NZ$250 million in seven-year covered bonds, maturing 30 June 2017.

BNZ's deal was built on a cover pool of more than NZ$521 million in mortgage loans. Moody's has assigned the program Aaa rating. Moody's has rated BNZ's Upper Tier 2 debt  A1 and its Tier 1 debt A3. 

S&P rates Genesis Energy NZ$70m 10-yr MTN BBB+

Standard & Poor’s has rated Genenis Energy’s proposed NZ$70m June 2020 medium-term notes issue BBB+. The issue will have an 8.3 percent coupon.

S&P stated the BBB+ rating was influenced by uncertainty surrounding Genesis’s imminent purchase of hydro plants Tekapo A and B from Meridian Energy.

Sole lead manager for the deal is ANZ New Zealand.

Greater Wellington Regional Council issues NZ$25m bond

The bond pays a fixed coupon of 5.596 percent.

The maturity date is 16 December 2013.