Westpac prices A$2 billion five-year non-guaranteed deal
After a very quiet month for Aussie bank funding teams, Westpac Banking Corporation (Westpac) (AA/Aa1/AA-) has priced a self-led A$2 billion (US$1.67 billion) fixed and floating non-guaranteed five-year transaction. J.P. Morgan was co-manager on the deal.
IADB raises A$575 million in new 2019 Kangaroo [UPDATED]
Volume in the 10-year Kangaroo market reached A$1.325 billion (US$1.12 billion) within a week with the August 6 pricing of the Inter-American Development Bank (IADB)'s (AAA/Aaa/AAA) A$575 million new August 2019 maturity. The latest deal demonstrates growing demand in the long end of the curve with pricing inside the other recent 10-year from European Investment Bank (EIB) (AAA/Aaa/AAA).Holcim prices A$500 million as corporate momentum builds
The 2012 bond deal launched last week by Holcim Finance Australia (Holcim) (BBB/Ba2/BBB) priced on August 4 with a significant upsize, to A$500 million (US$421.7 million) from a launch minimum of A$150 million, while the deal's margin tightened from an indicative 350 basis points over swap to 335 basis points over swap at pricing.Barclays' unguaranteed three-year nets A$1.5 billion [UPDATED]
The August 2012 bond launched by Barclays Bank Australia Branch (Barclays) (AA-/Aa3) on August 4 has priced a total of A$1.5 billion (US$1.26 billion) of fixed and floating rate paper at 165 basis points over swap. The transaction marks the issuer's debut in the Australian market, either through its local branch or via a Kangaroo from the parent firm.