ADB prices new A$1.1b 2017 Kangaroo in two tranches [UPDATED]
Asian Development Bank (ADB) (AAA/Aaa/AAA) has priced a new five-year Kangaroo, its second deal of the year. ADB's most recent deal in March was a 10-year A$500 million transaction priced at 34 basis points over benchmark and 99.5 basis points over ACGB. It has A$6.375 billion (US$6.388 billion) outstanding over seven lines.Deal and ratings review, week ending June 22 2012
Three corporate bonds came to the Australian domestic market in the week ending June 22, accompanied by a large-volume domestic tap by a big four bank and a Kangaroo from Nordic Investment Bank - which increased the tap in less than 24 hours. The New Zealand market remained quiet.Deal and ratings review, week ending June 15 2012
Still troubled by European setbacks, Seek decided to pull its retail bond offer and the Australian market saw just one domestic transaction - from debut issuer ANZ Wealth - and one Kangaroo price late in the week. One deal priced across the Tasman as well, and New Zealand is expecting a rare asset-backed security after its launch this week.National Wealth returns after two year hiatus with FRN top-up [UPDATED]
National Wealth Management Holdings (National Wealth) (A+) returns to the domestic market with a A$120 million top-up to its August 2015 floating rate notes. The deal was twice oversubscribed and closed in an hour, mostly taken up by funds and middle market accounts. Mark Abrahams, director of debt syndicate at sole lead National Australia Bank, says National Wealth is well funded, and has not needed to approach the market since the 2015 line was last tapped in November 2010.KangaNews Fixed Income Research Poll 2012: Results Announcement
KangaNews is pleased to announce the best performers in its second annual Fixed Income Research Survey, in which Australian investors were asked to recognise the performance of fixed income research across nine categories. Around 50 investment firms participated in the survey, representing the bulk of major institutional investment funds in the Australian market across the fund management, insurance and balance sheet sectors.