November 25, 2024 22:37 GMT
CREDIT SUPPLY: Aussie Credit Issuance
CREDIT SUPPLY
- BNP has launched a 12NC7 Tier 2, initial price guidance is +215bps, expected rating is Baa2 by Moody’s, BBB+ by S&P and A- by Fitch.
- BNP priced a 10NC5 Tier 2 back in August at +215bps, which is currently trading at +188bps
- Aurizon has announced they will start investors calls today for a A$ 9yr snr unsecured bond
- Aurizon priced a 7yr snr unsecured bond back in March, at +200bps, the bonds currently at +155bps
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