Government Bonds
Our specialist staff can offer insight into current relative value between different government bonds as well as other fixed income products.
New Issues
25 August 2010
BoQ $1.6bn Series 2010-12 Reds Trust
Bank of Queensland priced its $1.6bn Series 2010-12 Reds Trust RMBS, with five tranches. Details are:
| Total amount | $1.6bn |
Tranche 1:
|
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Tranche 2:
Amount |
$497.6m |
Interest rate |
110bps + BBSW |
Weighted average life |
6.2 years |
Tranche 3:
Amount |
$105.6m |
Interest rate |
160bps + 1 month BBSW |
Weighted average life |
5.5 years |
Tranche 4:
Amount |
$32.8m |
Interest rate |
not disclosed |
Weighted average life |
5.1 years |
Tranche 5:
Amount |
$4m |
Interest rate |
not disclosed |
Weighted average life |
8.4 years |
BNG $100m September 2015 Increase
Dutch public sector agency Bank Nederlandse Gemeenten (BNG) launched a $100m increase to its September 2015 Kangaroo program. Details are:
| Amount | $100m |
Coupon |
5.50% |
Maturity |
22 September 2015 |
HSBC $500m August 2013 Bond
HSBC’s Sydney Branch priced a $500m three year fixed rate transaction. Details are:
| Amount | $500m |
Coupon |
5.75% semi-annual |
KfW $250m Kangaroo Increase
German government-guaranteed Kommunalbanken (KfW) added a $250m increase to its 20 August 2020 kangaroo program, taking the total on issue to $1bn. Details are:
| Amount | $250m |
Coupon |
6% |
Maturity |
20 August 2020 |
Kommuninvest $200m 5 Year Kangaroo
Swedish credit market company Kommuninvest Sverige priced a $200m Augut 2015 kangaroo. It is the inaugural deal for the public sector owned and guaranteed company. Details are:
| Amount | $200m |
Coupon |
5.75% |
Maturity |
25 August 2015 |
Macquarie $500m RMBS
Macquarie Securitisation launched a $500m residential mortgage-backed securities transaction. The PUMA Masterfund will have five tranches. Details are:
Tranche 1:
Amount |
$52.5m |
Tranche 2:
Amount |
$240m |
Tranche 3:
Amount |
$165m |
Tranche 4:
Amount |
$30m |
Tranche 5:
Amount |
$12.5m |
NAB $100m August 2010 FRN
NAB sold $100m FRN in the US market. Details are:
| Amount | $100m |
Coupon |
75bps + 3 month Libor |
Maturity |
20 August 2013 |
RBS 3 Year Fixed/FRN Bond
The Australian unit of the Royal Bank of Scotland launched a $500m August 2013 fixed and floating rate bond. Details are:
Fixed:
Amount |
$750m |
Coupon |
7.25% |
Yield |
7.323% |
Maturity |
27 August 2013 |
FRN:
Amount |
$750m |
Coupon |
245bps + 3 month BBSW |
Yield |
245bps + 3 month BBSW |
UBS $1.25bn August 2013 Bonds
UBS issued $1.25bn 26 August 2013 bonds with fixed and FRN components. Details are:
Fixed:
Amount |
$750m |
Coupon |
6.25% |
Maturity |
26 August 2013 |
FRN:
Amount |
$500m |
Coupon |
148bps + 3 month BBSW |
Maturity |
26 August 2013 |
Government Bonds
AOFM $500m July 2022 Treasury Notes
The Australian Office of Financial Management (AOFM) sold $500m 15 July 2022 Treasury notes at a weighted average yield of 5.0654%. Details are:
| Amount | $500m |
Total amount of all bids received |
$2.27bn |
Weighted average bid |
5.074% |
Coupon |
5.75% |
AOFM $800m November 2010 Treasury Notes
The AOFM sold $800m 26 November 2010 Treasury notes at a weighted average yield of 4.4864%. Details are:
| Amount | $800m |
Total amount of all bids received |
$4.96bn |
Weighted average bid |
4.5742% |
AOFM $1bn October 2010 Treasury Notes
The AOFM sold $1bn 22 October 2010 Treasury notes at a weighted average yield of 4.5159%. Details are:
| Amount | $1bn |
Total amount of all bids received |
$3.838bn |
Weighted average bid |
4.5611% |
AOFM $700m June 2016 Notes
The AOFM sold $700m 15 June 2016 Treasury notes at a weighted average yield of 4.6858%. Details are:
| Amount | $700m |
Total amount of all bids received |
$2.175bn |
Coupon |
4.75% |
Weighted average bid |
4.693% |
AOFM $200m August 2020 Notes
The AOFM sold $200m 20 August 2020 Treasury notes at a weighted average yield of 2.35%. Details are:
| Amount | $200m |
Total amount of all bids received |
$975m |
Weighted average bid |
2.3907% |
TCorp $100m November 2025 Bonds
New South Wales Treasury Corporation (TCorp) sold $100m 20 November 2025 capital indexed bonds at a weighted average yield of 3.252%. Details are:
| Amount | $100m |
Total amount of all bids received |
$345m |
Coupon |
2.75% |
AOFM Sets Tenders
The AOFM set the following tenders:
Treasury Bonds
Wednesday 25 August |
$500m April 2020 bond line |
Friday 27 August |
$700m December 2013 bond line |
Treasury Notes
Thursday 26 August |
$1bn 12 November 2010 Treasury notes |
|
$800m 17 December 2010 Treasury notes |
