AMP Bank prices RMBS at tightest margin seen in AOFM-backed deal
AMP Bank (AMP) has priced A$535 million of residential mortgage-backed securities (RMBS) through the Progress 2009-1 Trust. The Australian Office of Financial Management (AOFM) was a cornerstone investor, buying all the A$425 million of longer-dated triple-A rated Class A2 notes.
RBS Australia prices AUD bonds guaranteed by UK sovereign
RBS Australia Branch (RBS) (A+/Aa3/AA-) has priced A$1.3 billion of fixed and floating rate notes guaranteed by the UK sovereign. Over 40 accounts participated in the deal - from Asia, Europe and Australia.
Australia Post deal prices with strong volume
The transaction launched on March 18 by Australia Post (AAA) priced a day later at the expected level of 130 basis points over swap. Although launched with a minimum size of A$250 million (US$169 million), strong demand resulted in a final volume of A$325 million.Christchurch City goes for institutional deal
Christchurch City Council (AA+) has issued NZ$60 million (US$33.4 million) March 2014 bonds, sold to institutional investors. Meanwhile, the NZ$150 million deal from Auckland City Council (AA) which is being sold to retail investors closed today, with rate set due on Monday March 23.RBS launches AUD domestic deal backed by UK sovereign
RBS PLC Australia Branch (A+/Aa3/AA-) has launched a minimum
A$500 million (US$338 million) three-year transaction via joint bookrunners and joint lead managers Commonwealth Bank of Australia, J.P. Morgan and RBS Australia.