Debt Capital Markets – Recent experience
Examples of debt capital markets work in which Allens Arthur Robinson has recently been involved include:
Westpac
US$25 billion EMTN, US$7.5 billion ECP and US$2.5 billion ETCD programmes and
structured Tier 1 and Tier 2 US issues.
Macquarie Bank
ALE Property Trust – capital raisings including CMBS and loan notes.
Westpac
Structured Equity Solutions – bespoke equity derivatives and protected loans.
Macquarie Bank and ANZ
Royal Women’s Hospital Vic – nominal bullet bonds and indexed annuity bonds.
General Electric Capital Corporation
A$8 billion MTN and CP programme.
Obelisk Trust
SG – Obelisk Trust 2004-1’s A$200 million single tranche synthetic CDO
squared securitisation of ABS and CDOs.
Macquarie Bank
reFleXion products.
HY-FI CDO
HY-FI Securities – ABN AMRO – synthetic NZ and Australian retail CDOs for
portfolio credit-linked securities.
Tabcorp
US$700 million US Private placement – 2004 Finance Asia Achievement Award
‘Best International Bond Deal’ – A$2 billion domestic CP/MTN programme – largest
BBB+ issue in Australian debt markets.
Westpac
A$1 billion Telstra e-bonds.
Adelaide Bank low doc RMBS securitisation wrap
Ambac Assurance Corp as credit wrapper – A$1 billion note issue for Adelaide
Bank – securitisation of low doc residential mortgages – Series 2004-2(W)
TORRENS Trust – first credit wrap of low doc RMBS.
Redbank 1 Structured Debt Capital Markets Repackaging
XL Capital Assurance Inc as credit wrapper – A$170 million MTNs, refinancing
Abbey National.
Transurban
Australian counsel to investors in secured US Private Placements 2004 and
2005.
Rio Tinto
EMTN programme and US$600 million bond issue by Rio Tinto Finance (USA) Ltd.
ANZ
EMTN and ECP, US MTN and domestic programmes – 2005 US$2 billion extendible
notes (‘EXL’ – Extendible Liquidity Securities) via Morgan Stanley into the US
market – A$250 million CMBS programme for Harvey Norman, INSTO’s ‘Complex and
Structured Deal of the Year 2004’.
ETSA Utilities
Australian counsel for investors in secured US private placements 2004.
CBA
A$35 billion EMTN and US$7 billion ECP programme, Tier 1 and Tier 2 US issues
and US EXLS.
Coates Hire
A$250 million multi-currency syndicated facility and US$160 million US
private placement 2004.
DBRREEF
Australian counsel to investors on US$200 million US private placement 2004
and 2005.
US Rule 144A and Private Placements
various other Rule 144A and private placements including News Group, Burns Philp, QBE Group, Amcor, CSL, PaperlinX, One Steel, Downer EDI and AIG.
Snowy Mountains Hydro
A$500 million MTNs, A$200 million CP and A$300 million stand-by facility,
awarded ‘Vanilla Bond Deal of the Year’ by INSTO and ‘Best Local Bond Deal’ by
FinanceAsia in 2003.
Bank of America Corporation
kangaroo bond issues.
Hutchison Communications
A$800 million floating-rate notes due 2008 guaranteed by Hutchison Whampoa.
St.George Bank
Crusade Programme, MTNs and Tier 2 debt.
Interstar
Millennium and Titanium Series – conforming and non-conforming RMBS.
Australian Unity Health
first subordinated prudential capital issue of MTNs for an Australian health
fund.
CIT Inc
A$1 billion MTN and CP programme.
Credit wrap of Sydney Airport acquisition debt
MBIA as credit wrapper of A$1.5 billion MTNs issued by Southern Cross
Airports and subsequent refinancings.
NAB
US$1.6 billion SEC registered issue to fund acquisition of MLC.
Melbourne, Brisbane, Adelaide and Perth airports
MBIA credit wrapper on MTN issues for first three airports and US
underwriters on Perth Airport’s Rule 144A issue.
NTL
Ambac credit wrapping of A$650 million of MTNs issued by Broadcast Australia
Finance.
QIC
QIC subsidiaries as issuer and guarantor in a programme for up to A$750
million of STNs and MTNs.
David Jones
Deutsche Bank and Deutsche Asset Management – fundraising and securitisation
of A$366 million lease transaction.
plus
Kookmin credit card securitisation, AEP credit-wrapped
kangaroo bonds, Meridian Energy MTNs, Cheung Kong Infrastructure
Holdings loan notes and Samsung Card Co securitisation.
