BNG sells A$300 million in public Kangaroo return [UPDATED]
Bank Nederlandse Gemeenten (BNG) (AAA/Aaa/AAA) priced A$300 million (US$278.16 million) in a new three-year Kangaroo deal on December 3 – the issuer's first public transaction in the market for over three years. The agency recently priced its first Kangaroo transaction since November 2006 when it sold A$230 million of 2013 bonds in a private placement.World Bank reopens Kauri market with first deal in a month
In the first Kauri transaction to price since November 6, the World Bank (AAA/Aaa) increased its December 2014 bond by NZ$175 million (US$126.93 million) to bring the total outstanding in the line to NZ$475 million. The December 3 transaction was anchored by domestic demand according to TD Securities (TD), which lead-managed along with ANZ.BEN doubles size of non-government RMBS
Bendigo and Adelaide Bank (BEN) (BBB+/A2/BBB+) priced its first non-government backed residential mortgage-backed securities (RMBS) transaction of 2009 on December 2, doubling its indicative size from launch on November 27 to A$1 billion (US$928.2 million). It also achieved a tighter margin on the largest tranche than those of other recent RMBS deals.
Five-year tap puts EIB's Kangaroo volume past A$6 billion in 2009
With the A$500 million (US$462.4 million) increase to its 2014 line on December 2, European Investment Bank (EIB)'s (AAA/Aaa/AAA) issuance total in the Kangaroo market in 2009 reached A$6.05 billion – easily a record for a single borrower year. The latest deal brings the volume of EIB's 2014 line to A$2.4 billion, making it the second largest outstanding Kangaroo and just A$100 million smaller that the same issuer's 2013.BOQ back in domestic market with biggest-ever deal [UPDATED]
Bank of Queensland (BOQ) (BBB+/A2/BBB+) returned to the domestic market on December 2, pricing a A$1.1 billion (US$1.02 billion), floating rate 2013 line under the Australian government guarantee. It also tapped the line a day later, adding a further A$150 million "following further investor interest", according to lead managers RBS Group Australia and UBS.