29 June – 03 July 2015

Share

[private role=’subscriber’]

Corporate bond yields fell last week but spreads to ACGBs expanded modestly.
Last week Nederlandse Waterschapsbank added $30m to existing 2025 line, Eurofima added a further A$35 million to its 2025 Kangaroo bond series and Transurban’s 62.5% owned Queensland subsidiary will be issuing three tranches of secured notes in a US private placement. The issue consists of $200m 10y, $300m 12y and $400m 15y notes. In the domestic market, Westpac issued $100m 1y FRNs and Bendigo & Adelaide Bank issued $75m 1y FRNs.

Click here for new debt issues

iTraxx moved up nearly 5 points to 96.8 over the week indicating the cost of insuring corporate debt had generally increased.

YieldReport-corp-3julyYieldReport-itraxx-3july

[/private]

[private role=’subscriber’]

AUST CORPORATE BONDS

ISSUERMATURITYCOUPON
(%)
RATINGWEEK
HIGH
WEEK
LOW
CLOSING
YIELD
Δ WEEKΔ MONTH
ANZ9-May-166.75AA-2.402.362.380.000.04
WESTPAC9-May-166.75AA-2.412.372.39-0.010.03
TRANSURBAN8-Jun-166.75A-3.203.183.18-0.030.01
STOCKLAND1-Jul-167.50A-3.002.972.98-0.010.05
FONTERRA11-Jul-166.25A+2.772.752.75-0.020.04
TELSTRA2-Aug-167.00A2.542.522.52-0.030.03
MLBAIRPORT25-Aug-167.00A-3.012.992.99-0.030.00
MIRVAC FIN16-Sep-168.00BBB+3.153.133.13-0.030.01
WESFARMERS4-Nov-166.00A-2.712.692.69-0.030.05
WESTPAC18-Nov-167.25AA-2.512.462.490.000.03
CB SUNCORP6-Dec-164.75N/A2.602.562.57-0.020.01
CB CBA25-Jan-175.75N/A2.472.432.44-0.010.01
AUSTPOST6-Feb-175.50AA2.802.762.77-0.020.02
CB WESTPAC6-Feb-175.75N/A2.482.442.44-0.020.00
NAB15-Feb-176.00AA-2.562.532.53-0.020.02
WESTPAC20-Feb-176.00AA-2.552.522.52-0.030.01
CROWN18-Jul-175.75BBB3.553.513.51-0.030.04
BPCAP5-Sep-174.50A3.103.063.06-0.040.05
BHP18-Oct-173.75A+3.103.003.050.020.14
TELSTRA15-Nov-174.00A2.832.762.78-0.010.05
HSBC16-Nov-174.25AA-2.872.832.83-0.04-0.01
WESTPAC24-Jan-184.25AA-2.832.792.79-0.040.03
CBA25-Jan-184.25AA-2.832.792.79-0.040.03
NAB7-Mar-187.25AA-2.852.802.80-0.030.01
ANZ17-Apr-184.25AA-2.902.862.86-0.030.01
NAB23-May-184.00AA-2.932.882.88-0.040.01
SYDAIRPORT6-Jul-187.75BBB3.523.463.46-0.05-0.04
ANZ6-Nov-184.50AA-3.073.013.02-0.020.02
LENDLEASE13-Nov-185.50BBB-4.043.974.00-0.020.08
TELSTRA13-Nov-184.50A3.042.972.99-0.030.05
WESTPAC25-Feb-194.50AA-3.153.083.10-0.010.06
WOOLWORTHS21-Mar-196.00A-3.513.373.510.080.22
WESFARMERS28-Mar-196.25A-3.313.233.27-0.020.05
CBA24-Apr-194.25AA-3.203.133.15-0.030.05
BRISAIR9-Jul-198.00BBB3.683.613.63-0.04-0.01
STOCKLAND6-Sep-195.50A-3.763.683.71-0.040.00
DBNGP11-Oct-196.00BBB-4.294.224.24-0.04-0.01
WESTF RET23-Oct-195.00A3.763.683.71-0.040.00
CFS RETAIL19-Dec-195.00A3.613.533.56-0.04-0.02
CBA5-Feb-207.25AA-3.423.343.370.000.09
WESTPAC11-Feb-207.25AA-3.413.353.36-0.030.07
WESFARMERS12-Mar-204.75A-3.553.453.50-0.030.05
QANTAS27-Apr-206.50BB+5.195.115.14-0.020.13
LENDLEASE13-May-206.00BBB-4.404.294.360.000.08
MLBAIRPORT4-Jun-205.00A-3.773.683.71-0.030.00
TELSTRA15-Jul-207.75A3.433.323.390.000.09
PERTH AIR23-Jul-206.00BBB4.003.913.95-0.030.05
MIRVAC FIN18-Sep-205.75BBB+4.053.944.00-0.010.03
BRISAIR21-Oct-206.00BBB4.003.893.95-0.020.02
AUSTPOST13-Nov-205.00AA3.513.423.46-0.020.03
STOCKLAND25-Nov-208.25A-4.043.943.99-0.020.02
UNISYD16-Apr-214.75N/A3.463.363.41-0.020.05
[/private]