Deal and ratings review, week ending April 5 2012
After a busy March took first quarter Australian dollar issuance volume to
record levels, April opened with much more subdued deal flow in the Australian market and no public activity at all in New Zealand. The first week of the new quarter saw just three Australian deals price – two Kangaroos and a rare triple-B corporate transaction – for a total volume of A$800 million (US$824.9 million).
Register to read more ...
SAFA prices its final select line issue of 2011/12 in line with expectations
The margin on South Australian Government Financing Authority (SAFA)'s (AAA/Aaa) new August 2019 benchmark select line, which priced on April 4, was in line with analyst predictions at 31 basis points over semi-semi swap or 113 basis points over Commonwealth government securities. SAFA sold A$750 million (US$770.3 million) in the new line's tender – the upper end of a A$600-750 million volume range.
Register to read more ...