Rabobank Australia back with its first domestic deal since April [UPDATED]
Rabobank Nederland Australia Branch (Rabobank Australia) (AAA/Aaa) priced its first public domestic transaction since April on September 14, with a A$500 million (US$466.6 million) increase to its January 2013 line. The line now has a volume of A$350 million of fixed rate and A$1.2 billion of floating rate notes.AOFM prices A$1.25 billion in new 2030 inflation-linked bond [UPDATED]
On September 16 the Australian Office of Financial Management (AOFM) priced its new 2030 inflation-linked bond, selling a total of A$1.25 billion (US$1.17 billion) at a real yield to maturity of 2.66 per cent. The transaction was launched a day earlier with a minimum size of A$1 billion and a volume cap of A$2 billion.
KfW's tap takes 2010's Kangaroo issuance to brink of A$30 billion [UPDATED]
On September 8, KfW Bankengruppe (KfW) increased its March 2017 Kangaroo by A$300 million (US$273.3 million), in what was the issuer's 15th Australian market transaction of the year. The tap takes the line's outstanding volume to A$1.75 billion and KfW's annual total of A$6.05 billion issued in Kangaroo format.CommBank highlights quiet issuance week with domestic benchmark return
In a relatively quiet issuance week the focus in Australia shifted briefly from offshore issuers, with Commonwealth Bank of Australia (CommBank) (AA/Aa1/AA) pricing A$1.5 billion (US$1.4 billion) of three-year paper in the first domestic bank benchmark since mid-July. However, while the past few days have seen a lull in the offshore financial institution (FI) momentum witnessed in the past month more issuers are eyeing up the market with at least two having recently updated investors.