Wide Bay Australia issues step-up sub debt notes
by Anonymous | Fri, 26/06/2009 - 13:43
As the week drew to a close, the smaller end of the mortgage origination market received a much-needed boost. The good news was that regional financial services company Wide Bay Australia (BBB-/Stable/A3) had raised A$15 million from the issue of 10-year non-call 5 floating rate unsecured subordinated notes. These notes qualify as Lower Tier 2 capital in accordance with APRA’s prudential standards.
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Deal Log
| Date | Issuer | Facility | Amount (million) |
|---|---|---|---|
| 10/03/2010 | International Finance Corporation (IFC) | New Zealand senior Kauri | 275 NZD |
| 10/03/2010 | ING Bank Australia | Senior domestic AMTN (GG) | 150 AUD |
| 09/03/2010 | SPI Electricty and Gas | 700 HKD | |
| 09/03/2010 | Rabobank Nederland Australia Branch | Senior financial Eurobond | 50 AUD |
| 09/03/2010 | Westpac Securities New Zealand | Senior financial Eurobond | 750 EUR |
