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Wednesday 17 December 2025 by FIIG Research

General

New Issues 1st December to 11th December 2025

DEXUS Finance Pty Ltd
Volume: A$250m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 6.3%
Issue/re-offer price: 99.854
Maturity Date: 10 December 2055
Pricing date: 04 December 2025

DEXUS Finance Pty Ltd
Volume: A$250m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.75%
Issue/re-offer price: par
Maturity Date: 10 December 2055
Pricing date: 04 December 2025

Zagga Investments Lending Trust 7
Volume: A$65m
Ranking: Secured
Coupon Type: FRN
Coupon Rate: 3mBBSW+4.2%
Issue/re-offer price: par
Maturity Date: 30 November 2029
Pricing date: 01 December 2025

Ausgrid Finance Pty Ltd
Volume: A$250m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.277%
Issue/re-offer price: par
Maturity Date: 10 December 2030
Pricing date: 03 December 2025

Ausgrid Finance Pty Ltd
Volume: A$500m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.946%
Issue/re-offer price: par
Maturity Date: 10 December 2035
Pricing date: 03 December 2025

Westpac Banking Corp
Volume: A$1.6bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.36%
Issue/re-offer price: par
Maturity Date: 07 December 2026
Pricing date: 01 December 2025

Australia & New Zealand Banking Group Ltd
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.43%
Issue/re-offer price: par
Maturity Date: 20 April 2027
Pricing date: 01 December 2025

NatWest Markets PLC
Volume: A$450m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.97%
Issue/re-offer price: par
Maturity Date: 12 June 2029
Pricing date: 03 December 2025

NatWest Markets PLC
Volume: A$550m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.026%
Issue/re-offer price: par
Maturity Date: 12 June 2029
Pricing date: 03 December 2025

Woori Bank/Sydney
Volume: A$50m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.56%
Issue/re-offer price: par
Maturity Date: 14 December 2026
Pricing date: 02 December 2025

Societe Generale SA
Volume: A$100m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 5.55%
Issue/re-offer price: par
Maturity Date: 12 December 2035
Pricing date: 02 December 2025

Morgan Stanley & Co International PLC
Volume: A$200m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.94%
Issue/re-offer price: par
Maturity Date: 10 December 2030
Pricing date: 03 December 2025

European Bank for Reconstruction & Development
Volume: A$400m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.075%
Issue/re-offer price: par
Maturity Date: 03 December 2035
Pricing date: 04 December 2025

Tokyo Metropolitan Government
Volume: A$104m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.22%
Issue/re-offer price: 99.99
Maturity Date: 17 December 2030
Pricing date: 04 December 2025

Commonwealth Bank of Australia
Volume: A$30m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.185%
Issue/re-offer price: par
Maturity Date: 15 December 2032
Pricing date: 05 December 2025

National Bank of Canada
Volume: A$37m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5%
Issue/re-offer price: par
Maturity Date: 16 December 2030
Pricing date: 05 December 2025

Landesbank Baden-Wuerttemberg
Volume: A$42.49m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 4%
Issue/re-offer price: par
Maturity Date: 23 January 2029
Pricing date: 06 December 2025

Stonepeak-Plus Infra Debt Ltd
Volume: A$300m
Ranking: Senior Non Preferred
Coupon Type: FRN
Coupon Rate: 1mBBSW+3.25%
Issue/re-offer price: par
Maturity Date: 06 December 2032
Pricing date: 05 December 2025

Commonwealth Bank of Australia
Volume: A$40m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.15%
Issue/re-offer price: par
Maturity Date: 16 December 2031
Pricing date: 09 December 2025

Commonwealth Bank of Australia
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.52%
Issue/re-offer price: par
Maturity Date: 17 December 2035
Pricing date: 11 December 2025

CVC Ltd
Volume: A$75m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+4.5%
Issue/re-offer price: par
Maturity Date: 11 December 2028
Pricing date: 10 December 2025

NatWest Markets PLC
Volume: A$30m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.3%
Issue/re-offer price: par
Maturity Date: 18 December 2030
Pricing date: 11 December 2025

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