Liberty launches its first RMBS of 2010
On August 4, Liberty Financial (Liberty) launched its second asset-backed securities (ABS) and first residential mortgage-backed securities (RMBS) transaction of 2010. The deal – Liberty Prime Series 2010-1 – has an indicative volume of A$200 million (US$182.3 million) across eight tranches according to the issuer, which has not disclosed when pricing is expected or what margins are being targeted.New three-year domestic benchmark coming from BNP Paribas
BNP Paribas Australia Branch (BNP Paribas) (AA/Aa2/AA-) plans to price a new three-year deal in the domestic market no later than the morning of August 5. The transaction will be the issuer's second in a week, following the pricing of a A$250 million (US$227.9 million) increase to BNP Paribas' March 2015 line on July 30.SPI (Australia) Assets upsizes and prices A$500m five-year
SPI (Australia) Assets Pty Limited (SPIAA) (A-/A3) has priced a A$500 million five-year domestic bond at 185 basis points over swap. According to the lead managers, the book was in excess of A$600 million and the bonds were sold to over 50 investors.
EIB's A$500 million tap makes 2010 second biggest Kangaroo year
European Investment Bank (EIB) (AAA/Aaa/AAA) has increased its April 2015 Kangaroo bond by A$500 million (US$457.15 million). This deal makes 2010 the second largest year for Kangaroo volume in history, with A$25.575 billion issued so far. The record for Kangaroo issuance was set in 2006, when A$32.47 billion priced in the full year.