Australian Financial Markets Newsletter
WEEK ENDING |
12 March 2009
Weekly Debt Wrap Mar 8-12
By: Sonia Han | posted March 12th, 2010 23:38
*MTN*
BNP Paribas Sydney branch (AA/Aa2/AA) launched and priced its A$750m senior unsecured MTN due on 18 Mar 2015 via BNP, NAB, and Westpac last Thursday. The $300m 6.75pct fixed rate notes have an issue price of 99.72pct to yield 6.817pct. The $450m FRN have an issue price of 100par with a spread of 3mth BBSW+110bpts/ ACGB 6.25pct Apr 2015+ 146.2bpts. The deal, with a pricing guidance of BBSW+ 115bpts, will settle on Mar 18.
- 2010 total domestic issuance: 88,344 A$m
- View insto league tables
Quote of the week
``While Australian banks have done very well in terms of their rankings globally by market capitalisation, they lack the scale to play (among) top 10 global banks that tend to dominate large international funding projects,''
Deal Log
| Date | Issuer | Facility | Amount (million) |
|---|---|---|---|
| 07/09/2010 | Commonwealth Bank of Australia (CBA) | Senior domestic AMTN | 1,500 AUD |
| 06/09/2010 | FirstMac | Domestic RMBS(prime) | 416 AUD |
| 02/09/2010 | Bank of Scotland, Australia Branch | Senior domestic AMTN | 600 AUD |
| 01/09/2010 | European Investment Bank (EIB) | Senior Kangaroo | 600 AUD |
| 31/08/2010 | Bank of America | Senior Kangaroo | 1,200 AUD |