Briefs: Auswide funds more mortgages, China Construction Bank taps AUD fixed income investors
Auswide Bank has priced a two-year senior unsecured floating rate note. The two-year A$25 million senior unsecured FRN was priced at a margin of 105 basis points over the relevant BBSW. The instrument was issued to investors in the capital market under the bank's existing debt issuance program, with Laminar Capital Pty Ltd acting as lead manager. Martin Barrett, managing director of Auswide Bank, said this was the bank's first issuance under its dual corporate rated debt issuance program. "The successful issue will assist with current growth in our housing, consumer and business loan portfolio". The China Construction Bank Corporation, through its Sydney Branch, has priced a new A$150 million 1-year Australian dollar-denominated senior unsecured floating rate issue. The instruments are Transferable Certificate of Deposit, and were priced at par, with a final re-offer spread of 55 basis points over three-month BBSW, and a settlement date of 14 February. The issuer is rated A1 by Moody's and A by both Standard & Poors and Fitch. ANZ, CBA and Westpac were joint lead managers.