insto - Australian financial markets

 Wesfarmers Ltd will be holding a non-deal roadshow this week with bond investors, Reuters reports.

Australia's four major banks, ANZ, Commonwealth Bank of Australia , National Australia Bank and Westpac Institutional Bank are hosting the meetings.

 ANZ estimates the maturity pipeline of syndicated loans in 2010 at only $44 billion, with half of that effectively refinanced already under arrangements worked out last year, Reuters reports.

ANZ has completed its first non guaranteed 144a benchmark issue, an USD3 billion deal. The transaction received strong investor support following its recent US investor roadshow, with 161 investors from Asia, Australia and New Zealand.
The transaction consisted of three tranches of fixed rates notes, which were all priced inside initial price guidance.

ANZ has issued NZ$100 million 6.32 per cent unlisted notes mature in June 2013, known as the Series June 2013-1. Details are:
Issuer: ANZ National bank
Ratings: AA (S&P); Aa2 (Moody’s); AA- (Fitch)
Amount: NZ$100m
Launch Date: 18 Dec 2009
Maturity Date: 18 June 2013
Coupon: 6.32pct
Yield: 6.32pct
Margin: 1.05pct

ANZ is the sole lead manager of the deal.
 

The global banking industry has recovered half of the market cap lost since the pre-crisis peak of $US9.7 trillion in October 07, reports the Boston Consulting Group. Market cap has doubled in the past seven months from a low of $US3.1 trillion in February 2009 to $US6.2 trillion at the end of September 2009.