KfW launches 2020 increase
KfW Bankengruppe (KfW) (AAA/Aaa/AAA) has mandated TD Securities and Westpac Institutional Bank for an increase of its 6 per cent August 2020 Kangaroo bonds. The top-up will be priced in the near future, subject to market conditions. The 2020s are the longest-dated Kangaroo bonds KfW has on issue, with A$1 billion (US$98.6 million) outstanding.Suncorp Metway prices two-tranche 2013 bond
On November 23 Suncorp Metway (Suncorp) (A+/A1/A+) priced a A$900 million (US$886.9 million) two-tranche June 2013 transaction via Deutsche Bank and UBS Investment Bank. The A$300 million fixed rate notes and A$600 million floating rate notes priced at 110 basis points over swap and the three-month bank bill swap rate, respectively.Securitisation prospects assessed as 2010 finishes strong
The Australian securitisation market is approaching year end in much the same way it did 12 months ago, with a clutch of deals coming to market in the final weeks including a smattering of activity without the support of the Australian Office of Financial Management (AOFM). Market participants say there are a number of key issues still to be worked out but also believe there are reasons to be hopeful about 2011's prospects.