CEB taps longest-dated Kauri for NZ$50 million
Council of Europe Development Bank (AAA/Aaa/AAA) (CEB) returned to the Kauri market on October 10 with an ANZ-led NZ$50 million (US$29.57 million) increase to its 2018 line, which is the longest-dated Kauri bond in the market.
Northern Territory taps 2013s for A$106 million
Northern Territory Treasury Corporation (Aa1) (NTTC) increased its 2013 bond by A$106 million (US$73.73 million) on October 8 in a UBS Investment Bank (UBS)-led deal, as the issuer seeks, like the other Australian states, to finance significant infrastructure projects.Price convinces as Westpac back in Aussie domestic market
Westpac Banking Corporation (AA/Aa1/AA-) (Westpac) brought the first domestic vanilla transaction for over six weeks on October 2, pricing a total of A$1.48 billion (US$1.17 billion) of two- and three-year paper at pricing levels investors say are impressive given recent market turmoil.Pricing gap as Rentenbank and KBN return to Kauri market
Rentenbank (AAA/Aaa/AAA) and Kommunalbanken Norway (KBN) (AAA/Aaa) priced deals in the Kauri market on October 7 and 8 respectively, with the Bank of New Zealand (BNZ)-led new Rentenbank 2011 deal in particular drawing attention as a result of its swap-flat pricing.