Latest News
Refine news
On July 24 HSBC Sydney Branch (AA/Aa1) priced A$200 million of fixed rated notes, which settled on July 30 and mature on November 3 2009, via lead manager nabCapital.
Adelaide Bank has priced its second publicly-rated asset-backed deal this year via Torrens Series 2008-3 – a A$502.5 million (US$475.3 million) RMBS transaction maturing in October 2039.
National Australia Bank (AA/Aa1/AA) (NAB) has followed its July 25 announcement of a A$830 million (US$795.14 million) writedown of its investments in US residential mortgages with a downsizing of the 2011 bond deal it priced on July 22, from A$850 million to A$260 million.
Institutional investors made up half the book on the July 22 increase to National Australia Bank (AA/Aa1/AA) (NAB)’s 2011 domestic fixed and floating bond. The bank sold A$850 million (US$829.69 million) of new paper at 90 basis points above swap, making the line the first Australian corporate bond of over A$3 billion.