Crown domestic deal prices A$275 million [UPDATED]
Crown (BBB/Baa2/BBB) priced its debut own-name domestic bond market transaction on July 12 as guarantor of a A$275 million (US$279.8 million) fixed-rate issue by Crown Group Finance (Crown Finance). The deal, which has all the domestic big four banks as leads, has a pricing margin of 250 basis points over mid-swap.TCorp prices new two-year benchmark via syndication [UPDATED]
New South Wales Treasury Corporation (TCorp) (AAA/Aaa) priceda new July 2014 benchmark bond line on July 11, with a volume of A$1 billion (US$1.02 billion). The deal, which TCorp says is brought in response to reverse enquiry, was completed via a bookbuild process on the day of launch with Citi acting as sole lead manager.Holcim makes Australian market return with new 2017 [UPDATED]
Holcim Finance Australia (Holcim) (BBB/Baa2/BBB) priced its second domestic transaction of 2012 on July 10, pricing A$250 million (US$255.1 million) in a new five-year, fixed rate note. According to KangaNews data, this will be the first time Holcim has priced two separate transactions in Australia in the same calendar year; it sold A$250 million of three-year paper in March.Korean roadshow activity continues as Kexim visits Australian investors
Interest in the Australian debt capital market from Korean institutions continued in the week beginning July 9 as Korea Eximbank (Kexim) commenced a roadshow in Sydney and Melbourne. The visit came just a week after another Korean quasi-sovereign corporate, Korean National Oil Corporation, also updated Australian investors with hopes of eventually becoming a consistent Kangaroo borrower.