ASB Finance Ltd (ASB)

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ASB Finance Ltd (ASB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ASB	ASB Finance Ltd	€750		1	APAC	May 11, 2021

Tranche #1ASB Finance Ltd

currency

EUR

size (m)

750.000

maturity

May 21, 2031

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Aaa

s&p

fitch

AAA

re-open/tap

ipt

ipt-pxd

guidance

MS+15 a

spread

coupon

0.25%

spread set

price

99.76400

yield

0.274%

book size (m)

1,100

peak book (m)

x-covered

1.47

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

1.47

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR750m 10yr covered, backed by prime NZ mtgs. Aaa/NR/AAA. Barc/BNPP/CBA/HSBC. Guidance MS+15 area, set MS+12. Launch 750m. Bk >1.1bn ex-JLM, DBR 0 Feb 2031 +44.3bps (Spot: 101.667%), HR 99%. FTT 1.20pm. LEI: 549300A8V0FZJN79NH08;

Deal Comments

Covered Bond. Guarantor: ASB Bank Ltd (a wholly owned subsidiary of Commonwealth Bank of Australia) / ASB Covered Bond Trustee Ltd

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