Wednesday 25 February 2026 by FIIG Research ripples_on_water General

New Issues 10th February to 24th February 2026

Australia & New Zealand Banking Group Ltd
Volume: A$725m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.25%
Issue/re-offer price: par
Maturity Date: 23 February 2037
Pricing date: 13 February 2026

Australia & New Zealand Banking Group Ltd
Volume: A$275m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.673%
Issue/re-offer price: par
Maturity Date: 23 February 2037
Pricing date: 13 February 2026

Australia & New Zealand Banking Group Ltd
Volume: A$300m
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.4%
Issue/re-offer price: par
Maturity Date: 20 August 2027
Pricing date: 19 February 2026

Commonwealth Bank of Australia
Volume: A$600m
Ranking: Subordinated
Coupon Type: Fixed
Coupon Rate: 6.4%
Issue/re-offer price: par
Maturity Date: 05 March 2046
Pricing date: 24 February 2026

Commonwealth Bank of Australia
Volume: A$950m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.28%
Issue/re-offer price: par
Maturity Date: 05 March 2036
Pricing date: 24 February 2026

Commonwealth Bank of Australia
Volume: A$300m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.632%
Issue/re-offer price: par
Maturity Date: 05 March 2036
Pricing date: 24 February 2026

Westpac Banking Corp
Volume: A$2.25bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.58%
Issue/re-offer price: par
Maturity Date: 05 March 2029
Pricing date: 24 February 2026

Westpac Banking Corp
Volume: A$250m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.856%
Issue/re-offer price: par
Maturity Date: 05 March 2029
Pricing date: 24 February 2026

Vicinity Centres Trust
Volume: A$500m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.836%
Issue/re-offer price: par
Maturity Date: 03 March 2036
Pricing date: 24 February 2026

Bank of Communications Co Ltd/Sydney
Volume: A$100m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 4.5%
Issue/re-offer price: par
Maturity Date: 01 March 2027
Pricing date: 23 February 2026

Royal Bank of Canada/Sydney
Volume: A$1.25bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.41%
Issue/re-offer price: par
Maturity Date: 03 March 2027
Pricing date: 24 February 2026

Svenska Handelsbanken AB
Volume: A$850m
Ranking: Senior Preferred
Coupon Type: Fixed
Coupon Rate: 5.137%
Issue/re-offer price: par
Maturity Date: 17 February 2031
Pricing date: 10 February 2026

Svenska Handelsbanken AB
Volume: A$400m
Ranking: Senior Preferred
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.73%
Issue/re-offer price: par
Maturity Date: 17 February 2031
Pricing date: 10 February 2026

Watercare Services Ltd
Volume: A$500m
Ranking: Secured
Coupon Type: Fixed
Coupon Rate: 5.203%
Issue/re-offer price: par
Maturity Date: 20 August 2031
Pricing date: 10 February 2026

Northern Territory Treasury Corp
Volume: A$750m
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 6%
Issue/re-offer price: 100.035
Maturity Date: 21 April 2039
Pricing date: 10 February 2026

DBS Bank Ltd/Australia
Volume: A$1bn
Ranking: Senior Unsecured
Coupon Type: Fixed
Coupon Rate: 5.065%
Issue/re-offer price: par
Maturity Date: 13 February 2031
Pricing date: 10 February 2026

DBS Bank Ltd/Australia
Volume: A$1bn
Ranking: Senior Unsecured
Coupon Type: FRN
Coupon Rate: 3mBBSW+0.54%
Issue/re-offer price: par
Maturity Date: 13 February 2029
Pricing date: 10 February 2026

UBS Group AG
Volume: A$1bn
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 7.125%
Issue/re-offer price: par
Maturity Date: #N/A Field Not Applicable
Pricing date: 10 February 2026

Avanti Finance Ltd
Volume: A$150m
Ranking: Secured
Coupon Type: FRN
Coupon Rate: 3mBBSW+4.15%
Issue/re-offer price: par
Maturity Date: 23 February 2030
Pricing date: 13 February 2026

Macquarie Bank Ltd
Volume: A$850m
Ranking: Subordinated
Coupon Type: FRN
Coupon Rate: 3mBBSW+1.32%
Issue/re-offer price: par
Maturity Date: 20 August 2036
Pricing date: 12 February 2026

Macquarie Bank Ltd
Volume: A$400m
Ranking: Subordinated
Coupon Type: Fixed-to-Floating
Coupon Rate: 5.757%
Issue/re-offer price: par
Maturity Date: 20 August 2036
Pricing date: 12 February 2026