ASX considering US$145 million private placement
ASX Clearing Corporation (ASXCC), a wholly-owned subsidiary of the Australian Securities Exchange (ASX), has flagged a possible US private placement (PP) deal. On 17 June the group was assigned a rating of AA- by Standard & Poor's (S&P) and tipped its hand, indicating it may seek a minimum of A$145 million equivalent from the US PP market.
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Kommunalbanken Norway adds 2014 to Kauri curve
On June 18 Kommunalbanken Norway (KBN) (AAA/Aaa) brought a second point to its Kauri curve, issuing NZ$100 million (US$63,475) of July 2014 bonds in a deal led by ANZ. The Kauri bonds priced at 65 basis points over the NZD five-year swap rate and offer a coupon of 5.75 per cent, to yield 5.94 per cent.
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