International Financing Review September 8 2018 55BONDS SUMMARY DETAILS
GLOBAL BOND SUMMARY DETAILS: WEEK ENDING 7/9/2018 (CONTINUED)
Pricing date Issuer Amount Maturity Coupon (%) Reoffer Spread (bp) Yield (%) Pricing steps NIP (bp) Book size Ratings Bookrunners Distribution
JAPANESE YEN
Sep 7 2018 HSBC Holdings ¥79.3bn Sep 13 2024 (Sep 13
2023)0.575 100 OS+40 0.575 OS+40/44,
OS+40/42
- ¥200bn total A2/A HSBC/Daiwa/Miz/SMBCNikko -
Sep 7 2018 HSBC Holdings ¥13.1bn Sep 14 2026 (Sep 14
2025)0.797 100 OS+55 0.797 OS+51/55,
OS+53/55
- ¥200bn total A2/A HSBC/Daiwa/Miz/SMBCNikko -
Sep 7 2018 HSBC Holdings ¥67.6bn Sep 14 2028 (Sep 14
2027)0.924 100 OS+60 0.924 OS+56/60,
OS+58/60
- ¥200bn total A2/A HSBC/Daiwa/Miz/SMBCNikko -
NON CORE
Aug 31 2018 Jyske Bank SKr1bn Sep 7 2023 3mS+105 100 3mS+105 - 3mS+110 area - >SKr2.75bn, 35acs
combined-/BBB+ Danske/Swed Swed 86%, Finl 5%, Norw 5%, Denm
4%. FM 49%, Ins/PF 39%, Regional 6%,
Corp 6%. (combined)
Aug 31 2018 Jyske Bank SKr750m Sep 7 2023 1.375 99.459 MS+105 1.488 MS+110 area - >SKr2.75bn, 35acs
combined-/BBB+ Danske/Swed Swed 86%, Finl 5%, Norw 5%, Denm
4%. FM 49%, Ins/PF 39%, Regional 6%,
Corp 6%. (combined)
Sep 4 2018 AMP Bank A$400m Sep 10 2021 3mBBSW+108 100 3mBBSW+108 - 3mBBSW+110 area - - A2/A NZ/Citi/CBA/NAB -
Sep 4 2018 Liberty Financial A$100m incr
(A$300m)Jun 1 2020 5.1 100.517 ASW+280 4.78 ASW+280 - - -/BBB- NAB/WBC -Sep 5 2018 ASB Bank NZ$450m Sep 7 2023 3.31 100 MS+102 3.31 MS+100/105 - - A1/AA-/AA- CBA -
Sep 5 2018 Sampo NKr1bn Sep 7 2028 3.1 100 - 3.1 - - - A3/A- SEB -
Sep 5 2018 TD C$1.75bn Sep 14 2028 (Sep 2023) 3.589 100 OTC+143 3.589 OTC+144 (+/-2) - - A2/-/-/AL TD -
Sep 6 2018 CCDJ C$800m Sep 11 2023 3.056 100 OTC+90 3.056 OTC+92 (+/-2) - - Aa2/A+/-/AA CIBC/TD/VMD -
COVERED BONDS
EUROS
Sep 3 2018 Deutsche Hypo (Green) €500m Dec 10 2024 0.25 99.26 MS-8 / B+50.9 0.37 MS-6 area,
MS-7 (+/-1)3 €680m, >30acs Aa1 ABN/BLB/Natx/NordLB/Uni Ger 62%, Nordics 35%, UK/Ire 1%,
Aus/Switz 1%, Other 1%. Bks 54%, CB
27%, FM 13%, Ins 5%, Other 1%. Green
investors 44%.
Sep 3 2018 CoFF €1bn Sep 11 2028 0.875 99.297 MS+8 / B+62.4 /
OAT+290.949 MS+12 area,
MS+9 (+/-1)4 €1.4bn, ~80acs Aaa/AAA IMI/Deka/Danske/Natx/NatWest/
SantanGer/Aus 33%, Fr 24%, UK/Ire 15%,
Nordics 9%, Benelux 9%, S.Eur 5%,
Switz 3%, Other 2%. Bks/PB 46%, AM
30%, CB/OI 19%, Ins 5%.
Sep 4 2018 Aareal Bank €500m Jul 31 2023 0.125 99.767 MS-9 / B+47.5 0.173 MS-8 area 4 >€550m Aaa Deka/DB/GS/HSBC/Uni
Sep 4 2018 Commerzbank €250m incr
(€750m)Apr 18 2028 0.875 1000.828 MS-5 / B+50.8 0.785 MS-4 area,
MS-5 (+/-1)0 >€290m Aaa CMZ/HSBC/Natx/NordLB/SEB -Sep 4 2018 Deutsche Bank SAE €1bn Mar 11 2024 0.5 99.37 MS+27 / B+81.3 0.617 MS+30 area 6 >€1.35bn Aa1 BBVA/CA-CIB/Caixa/DB/Lloyds Ger 40%, Sp 22%, Norw 8%, Neth 7%, It
5%, Asia 3%, Denm 3%, Finl 3%, Switz
3%, RoEur 5%, Other 1%. FM 36%, CB
30%, Bks 19%, Ins 9%, Other 7%.
Sep 4 2018 NIBC Bank €500m Sep 11 2028 1 99.726 MS+15 / B+68.3 1.029 MS+17 area 6 >€800m, >50 acs -/AAA/AAA ABN/ING/LBBW/NIBC/Uni Ger/Aus 61%, Benelux 21%, Nordics 13%,
Sp/It 3%, Other 2%. AM/FM 42%, Bks/
PB 27%, CB/OI 25%, Ins/PF 6%.
Sep 6 2018 Wüstenrot Bausparkasse €250m Sep 14 2026 0.625 99.837 MS-4 / B+50.5 0.646 MS-2 area,
MS-3 (+/-1)5 >€340m, >20acs -/AAA CMZ/DZ/LBBW/Uni Ger 88%, Nordics 12%. Bks 60%, CB
30%, FM 9%, Other 1%.
STERLING
Sep 5 2018 Lloyds Bank £750m Sep 13 2021 SONIA+43 100 SONIA+43 - SONIA+45 area 3 >£1.2bn Aaa/AAA Lloyds/HSBC/RBC/TD UK/Ire 95%, Eur 5%. Bks 70%, AM/PF
25%, CB/OI 5%.
NON CORE
Sep 4 2018 Skandiabanken SKr1.3bn incr
(SKr2.7bn)Mar 15 2023 3mS+95 - - - - - - Aaa Swed -Sep 6 2018 Suncorp-Metway A$200m Sep 13 2023 3mBBSW+77 100 3mBBSW+77 - 3mBBSW+80 area,
3mBBSW+77/79
- Aaa/AAA ANZ/DB/RBC/WBC -
Sep 6 2018 Suncorp-Metway A$550m Sep 13 2023 3 99.954 ASW+77 3.01 ASW+80 area,
ASW+77/79
- Aaa/AAA ANZ/DB/RBC/WBC -
HIGH YIELD
US DOLLARS
Sep 5 2018 Intelsat Jackson Holdings US$2.25bn Oct 15 2024 (Oct 2020) 8.5 100 T+568 8.5 8.50% area,
8.5%
- Caa2/CCC+ JPM/CS/GS/MS -
Sep 6 2018 Avolon Holdings US$1bn Oct 1 2023 5.125 100 - 5.125 5.125% area,
5.125%
- Ba3/BB JPM/BNP/Barc/CA-CIB/FITB/MS/
Natx/SG/STRH
- Ba3/BB JPM/BNP/Barc/CA-CIB/FITB/MS/
-
Sep 6 2018 Cheniere Partners US$1.1bn Oct 1 2026 5.625 100 - 5.625 - - - Ba2/BB JPM -
Sep 6 2018 Delta Merger Sub (Eldorado) US$600m Sep 15 2026 (Sep 2021) 6 100 T+315 6 - - - B2/B JPM/MQB/CS/USB/COSC/Key/
STRH/BAML-
EUROS
Sep 6 2018 Dometic Group €300m Sep 13 2023 3 100 MS+270.4 /
B+323.43 3.25% area,
3%/3.125%,
3%- ~€650m Ba3/BB DB/Nordea/SEB -
NON CORE
Sep 7 2018 Odfjell SE NKr500m Sep 19 2023 3mN+550 100 3mN+550 - - - - - Clarksons Platou/Pareto/Swed -6 Bonds 2250 p25-55.indd 55 07/09/2018 19:30:03