MuniFin quietly debuts in Kauri bond market
Municipality Finance (MuniFin) (AAA/Aaa) has priced its inaugural Kauri deal – a 7.73 per cent NZ$100 million (US$78 million) June 2011 bond led by Bank of New Zealand. The transaction priced at 10 basis points through mid-swap, or 104 basis points over the NZGB.RBS prices A$1.125 billion debut domestic AUD deal [UPDATED]
Royal Bank of Scotland Australia Branch (AA/Aaa/AA) (RBS Australia), priced its first domestic deals, a two-year A$700 million (US$672.56 million) FRN and a three-year A$425 million two-tranche bond, on May 29.
ML speaks to Aussie investors though no deal imminent
Merrill Lynch (A+/A1/A+) (ML) has held an investor update in Australia, and while no deal is expected in the coming days sources say the market is inching closer to the return of offshore financial institutions with investor interest continuing to pick up.
BOQ brings first regional bank sub deal of 2008
Bank of Queensland (BBB+/A2/BBB+) (BOQ) priced a A$170 million (US$163.42 million) 10NC5 subordinated bond on May 29 – the first subordinated transaction from one of Australia's regional banks since the credit crisis.
RBCCM leads first KangaNews Roo + domestic league table
Dominant market share in the Kangaroo sector has propelled RBC Capital Markets (RBCCM) to top spot in KangaNews's first combined Kangaroo and Australian domestic intermediary league table, excluding self-led deals.