• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

YTD record for offshore bond issuance

30 September 2013 4:04PM
Bond issuance in international markets in the last week of September ensured issuance volume for the month was the largest for the year to date. Thanks to a US$5 billion raising by BHP Billiton, total issuance for September stands at the equivalent of A$16.6 billion, well ahead of the A$13.4 billion raised in April.Among banks, ANZ Bank (rated AA-) sold €1 billion of three-year euro floating-rate notes at a spread of 33 basis points over Euribor last week.Macquarie Bank (rated A) raised €100 million for one year, at a spread of 21 bps over Euribor.In the US s144A market, National Australia Bank raised US$100 million for one year, at Libor flat.In the domestic corporate bond market, BVNP Paribas (rated A+), which last issued in January, sold A$500 million for four years in fixed-rate and floating-rate notes priced at 115 bps over bank bills/swap. Earlier in the year, BNP paid a spread of 155 bps over bank bills/swap for five-year money.ING Bank Australia is buying back all the 2014 maturity bonds it sold in 2009. The bank is offering to use a discount rate of swap less 10 basis points. Pricing will take place on Wednesday.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use