EIB prices third European issuer Kangaroo in two days [UPDATED]
The third Kangaroo deal in two days priced on March 18, with European Investment Bank (EIB) (AAA/Aaa/AAA) adding A$600 million (US$553.8 million) to its April 2015 line to bring the total issue size to A$2.1 billion. The tap came to market at 59.75 basis points over the April 2015 Australian government bond or 29 basis points over semi-quarterly swap.Mirvac returns to domestic market with five-year launch
Following a recent debt investor update, on March 18 Mirvac (BBB) launched a five-year domestic deal with minimum size of A$100 million (US$92.21 million). While the issuer has two domestic maturities in 2010 it is also understood to be comfortably funded and only to be seeking a relatively limited volume in the latest transaction.TCorp's new 2016 gets double oversubscription at tight pricing
The new April 2016 benchmark line priced by New South Wales Treasury Corporation (TCorp) on March 17 saw nearly twice as much demand in its book than the A$1 billion (US$918.5 million) final deal size. The deal came in towards the tighter end of its indicative pricing range and just inside levels predicted by analysts at launch a day earlier.More strong RMBS demand as BEN upsizes deal
The residential mortgage-backed securities (RMBS) transaction priced by Bendigo and Adelaide Bank (BEN) on March 17 was upsized by A$450 million (US$413.42 million) to a final volume of A$1.1 billion. The transaction – Torrens Series 2010-1 (Torrens 2010-1) – also saw a significant scaling of investment from the Australian Office of Financial Management (AOFM).