Caltex advances bookbuild as retail momentum builds again
Continuing demand for retail fixed income transactions in Australia allowed Caltex Australia (Caltex) to bring forward the bookbuild date for its subordinated notes offer to August 3 – from August 8 – and to nearly double the size of the offer at the tighter end of its indicative pricing range. Caltex allocated A$525 million (US$555.1 million) through its bookbuild, at a margin of 450 basis points over bank bills.CommBank upsizes RMBS market return to A$1 billion
Pricing was completed on a new residential mortgage-backed securities (RMBS) transaction from Commonwealth Bank of Australia (CommBank), in the bank's first securitisation issue since it placed A$3 billion (US$3.2 billion) in April last year. The new transaction, called Medallion Trust Series 2012-1, was upsized by A$250 million to a total A$1 billion.