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DataMarket

au domestic Deals & league tables

AU Domestic DeAls PriceD Mar 5 – aPr 23 2012

settlement date

Issuer Volume a$m

maturIty Coupon type

Coupon(%) /margIn

Bookrunner(s) Issuer/Issue ratIngs&p moody’s FItCh

5 Mar 12 Oversea-Chinese Banking Corporation Sydney Branch 600 5 Mar 15 FRN 125/BBSW NAB, OCBC, RBS, WIB AA- Aa1 A+6 Mar 12 HSBC Corporation Sydney Branch 500 6 Mar 15 FRN 115/BBSW CBA, HSBC, NAB AA- Aa1 AA7 Mar 12 ETSA Utilities Finance 200 7 Sep 17 Fixed 6.25 ANZ A-13 Mar 12 Bank of China Sydney Branch 600 13 Mar 15 FRN 170/BBSW ANZ, CBA, NAB A A1 A13 Mar 12 Westpac Banking Corporation 725 20 Feb 17 Fixed 6.00 WIB AA- Aa213 Mar 12 Westpac Banking Corporation 1,275 20 Feb 17 FRN 165/BBSW WIB AA- Aa216 Mar 12 Bank of Tokyo-Mitsubishi UFJ 300 16 Mar 15 FRN 135/BBSW CBA, MUFG, MS A+ Aa319 Mar 12 National Australia Bank 1,000 19 Dec 14 FRN 130/BBSW NAB AA- Aa2 AA-19 Mar 12 Royal Bank of Scotland Australia Branch 833 19 Mar 22 Fixed 13.125 BNPP, JPM, RBS A A2 A21 Mar 12 Woolworths 500 21 Mar 19 Fixed 6.00 ANZ, CBA, WIB A-22 Mar 12 ING Bank Sydney Branch 325 22 Mar 16 Fixed 7.00 CBA, NAB, RBC, UBS A+ Aa3 A+22 Mar 12 ING Bank Sydney Branch 275 22 Mar 16 FRN 250/BBSW CBA, NAB, RBC, UBS A+ Aa3 A+23 Mar 12 ANZ Banking Group 1,000 23 Mar 16 Fixed 5.25 ANZ, JPM, NAB, WIB AA-/NR Aa2/Aaa AA-/AAA23 Mar 12 ANZ Banking Group 2,000 23 Mar 16 FRN 95/BBSW ANZ, JPM, NAB, WIB AA-/NR Aa2/AAA AA-/AAA27 Mar 12 Holcim Finance 250 27 Mar 15 Fixed 7.00 ANZ, RBS, WIB BBB Baa2 BBB28 Mar 12 Wesfarmers 500 28 Mar 19 Fixed 6.25 ANZ, CBA, NAB, WIB A- Baa128 Mar 12 Lloyds TSB Bank Australia Branch 750 28 Mar 19 Fixed 7.50 ANZ, CBA, RBS, UBS A A1 A10 Apr 12 Caterpillar Financial Australia 100 10 Apr 15 Fixed 5.00 ANZ, WIB A11 Apr 12 United Energy Distribution 200 11 Apr 17 Fixed 6.25 CBA, WIB BBB Baa210 Apr 12 Colonial Finance 25 23 Sep 13 FRN 150/BBSW CBA A+ A+24 Apr 12 Colonial Finance 350 24 Apr 15 FRN 190/BBSW CBA A+ A+23 Apr 12 Suncorp Metway 650 23 Apr 15 FRN 150/BBSW ANZ, NAB, WIB A+ A1 A27 Apr 12 Powercor Australia 200 27 Apr 17 Fixed 5.75 CBA, WIB A- A3total 13,158

AU Domestic soVeReiGN/AGeNcY DeAls* PriceD jan 1 – aPr 23 2012

settlement date

Issuer Volume a$m

maturIty Coupon type

Coupon(%) /margIn

Bookrunner(s) Issuer ratIngs&p moody’s FItCh

9 Feb 12 Treasury Corporation of Victoria 500 9 Dec 13 FRN 10/BBSW DB AAA Aaa9 Feb 12 New South Wales Treasury Corporation 300 9 Feb 15 FRN 20/BBSW WIB AAA Aaa9 Feb 12 Treasury Corporation of Victoria 450 9 Dec 13 Fixed 3.985 ANZ AAA Aaa16 Feb 12 Australian Capital Territory 250 7 Jun 18 Fixed 5.50 ANZ, UBS AAA28 Feb 12 Australian Office of Financial Management 910 21 Feb 22 Inflation-linked 1.25 BAML, DB, RBS, UBS AAA Aaa AAA2 Mar 12 New South Wales Treasury Corporation 1,000 20 Feb 17 Fixed 4.00 ANZ, Citi, UBS AAA Aaa3 Apr 12 Tasmanian Public Finance Corporation 400 15 Jun 20 Fixed 6.00 DB, UBS AA+ Aaa16 Apr 12 New South Wales Treasury Corporation 850 20 Aug 24 Fixed 5.00 ANZ, CBA, DB, WIB AAA Aaatotal 4,660

*note: the sovereign/agency deal table above and league table below include only deals issued via bookbuild (no tenders).

sOurce: KanganeWs aPril 23 2012

Domestic soVeReiGN/AGeNcY issUeRs leAGUe tAble JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

Deutsche Bank 1,140 4 24.5ANZ 1,121 4 24.1UBS Investment Bank 886 4 19.0Westpac Institutional Bank 513 2 11.0Citi 333 1 7.2Bank of America Merrill Lynch 228 1 4.9RBS Australia 228 1 4.9Commonwealth Bank of Australia 213 1 4.6total 4,660 100

criteria FOr all australian DOMestic MarKet league tables: a$100M minimum size (except for increases, which are eligible if the original deal was a$100M min); one-year minimum maturity or call date; issuer must be domiciled in australia; pricing must be disclosed; deal must be syndicated; excludes asset-backed and hybrid securities; bookrunners given equal allocation.

3 0 | K a n g a n e W s M a y 2 0 1 2

DataMarket

AUstRAliAN coRpoRAte issUeRs leAGUe tAble(INCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

Westpac Institutional Bank 6,692 13 28.3Commonwealth Bank of Australia 6,011 17 25.4ANZ 4,919 12 20.8National Australia Bank 3,508 8 14.8RBS Australia 715 4 3.0UBS Investment Bank 388 3 1.6BNP Paribas 294 1 1.2J.P.Morgan 294 1 1.2RBC Capital Markets 225 2 1.0HSBC 167 1 0.7OCBC Bank 150 1 0.6Bank of Tokyo-Mitsubishi UfJ 100 1 0.4Morgan Stanley 100 1 0.4Bank of America Merrill Lynch 75 1 0.3total 23,638 100

All Domestic VANillA issUeRs (coRpoRAte + soVeReiGN/AGeNcY) leAGUe tAble(INCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

Westpac Institutional Bank 7,204 15 25.5Commonwealth Bank of Australia 6,223 18 22.0ANZ 6,040 16 21.3National Australia Bank 3,508 8 12.4UBS Investment Bank 1,273 7 4.5Deutsche Bank 1,140 4 4.0RBS Australia 943 5 3.3Citi 333 1 1.2Bank of America Merrill Lynch 303 2 1.1BNP Paribas 294 1 1.0J.P.Morgan 294 1 1.0RBC Capital Markets 225 2 0.8HSBC 167 1 0.6OCBC Bank 150 1 0.5Bank of Tokyo-Mitsubishi UfJ 100 1 0.4Morgan Stanley 100 1 0.4total 28,297 100

AUstRAliAN coRpoRAte issUeRs leAGUe tAble(exCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

Commonwealth Bank of Australia 2,511 16 28.4ANZ 1,919 11 21.7Westpac Institutional Bank 1,592 11 18.0National Australia Bank 1,008 6 11.4RBS Australia 421 3 4.8UBS Investment Bank 388 3 4.4BNP Paribas 294 1 3.3J.P.Morgan 294 1 3.3RBC Capital Markets 225 2 2.5Morgan Stanley 100 1 1.1Bank of America Merrill Lynch 75 1 0.8total 8,827 100

All Domestic VANillA issUeRs (coRpoRAte + soVeReiGN/AGeNcY) leAGUe tAble(exCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 3,040 15 22.5Commonwealth Bank of Australia 2,723 17 20.2Westpac Institutional Bank 2,104 13 15.6UBS Investment Bank 1,273 7 9.4Deutsche Bank 1,140 4 8.5National Australia Bank 1,008 6 7.5RBS Australia 648 4 4.8Citi 333 1 2.5Bank of America Merrill Lynch 303 2 2.2BNP Paribas 294 1 2.2J.P.Morgan 294 1 2.2RBC Capital Markets 225 2 1.7Morgan Stanley 100 1 0.7total 13,486 100

sOurce: KanganeWs aPril 23 2012

All-AUD Domestic VANillA (KANGARoo + coRpoRAte + AGeNcY) leAGUe tAble(INCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

Westpac Institutional Bank 8,229 21 22.0ANZ 8,123 28 21.7Commonwealth Bank of Australia 6,223 18 16.6National Australia Bank 3,508 8 9.4TD Securities 1,975 13 5.3Deutsche Bank 1,965 10 5.2UBS Investment Bank 1,932 10 5.2RBS Australia 1,393 9 3.7J.P.Morgan 861 4 2.3RBC Capital Markets 808 7 2.2Citi 725 4 1.9HSBC 500 4 1.3Bank of America Merrill Lynch 386 3 1.0BNP Paribas 294 1 0.8Morgan Stanley 275 2 0.7OCBC Bank 150 1 0.4Bank of Tokyo-Mitsubishi UfJ 100 1 0.3total 37,448 100

All-AUD Domestic VANillA (KANGARoo + coRpoRAte + AGeNcY) leAGUe tAble(exCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 5,123 27 22.6Westpac Institutional Bank 3,129 19 13.8Commonwealth Bank of Australia 2,723 17 12.0TD Securities 1,975 13 8.7Deutsche Bank 1,965 10 8.7UBS Investment Bank 1,932 10 8.5RBS Australia 1,098 8 4.9National Australia Bank 1,008 6 4.5J.P.Morgan 861 4 3.8RBC Capital Markets 808 7 3.6Citi 725 4 3.3Bank of America Merril Lynch 386 3 1.7HSBC 333 3 1.5BNP Paribas 294 1 1.3Morgan Stanley 275 2 1.2total 22,637 100

3 1

KANGARoo leAGUe tAble(INCLUDINg SeLf-LeD DeALS)* JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 2,083 12 22.8TD Securities 1,975 13 21.6Westpac Institutional Bank 1,025 6 11.2Deutsche Bank 825 6 9.0UBS Investment Bank 658 3 7.2RBC Capital Markets 583 5 6.4J.P.Morgan 567 3 6.2RBS Australia 450 4 4.9Citi 392 3 4.3HSBC 333 3 3.6Morgan Stanley 175 1 1.9Bank of America Merrill Lynch 83 1 0.9total 37,448 100

*no self-led deals in this period.

sOurce: KanganeWs aPril 23 2012

criteria FOr all KangarOO league tables: a$100M minimum size (except for increases, which are eligible if the original deal was a$100M min); one-year minimum maturity or call date; settlement date used for date calculations; issuer must be domiciled offshore; settlement through austraclear; pricing must be disclosed; bookrunners given equal allocation.

KaNGaRoo Deals & league tables

KANGARoo DeAls PriceD jan 1 – aPr 23 2012

settlement date

Issuer Volume a$m

maturIty Coupon type

Coupon(%) /margIn

Bookrunner(s) Issuer/Issue ratIngs&p moody’s FItCh

19 Jan 12 KfW Bankengruppe 250 19 May 21 Fixed 6.25 ANZ, TD AAA Aaa AAA27 Jan 12 Industrial Bank of Korea 350 27 Jan 15 FRN 305/BBSW ANZ, MS A A19 Feb 12 KfW Bankengruppe 400 9 Feb 22 Fixed 5.50 ANZ, RBS, TD AAA Aaa AAA17 Feb 12 Korea Finance Corporation 250 17 Feb 16 FRN 305/BBSW ANZ, BAML, HSBC A A1 A+23 Feb 12 KfW Bankengruppe 500 23 Feb 18 Fixed 6.25 UBS, WIB AAA Aaa AAA22 Feb 12 Hong Kong Mortgage Corporation 500 22 Feb 17 FRN 115/BBSW ANZ, HSBC, RBS AAA Aa18 Mar 12 European Investment Bank 600 8 Jun 21 Fixed 6.25 ANZ, TD AAA Aaa AAA7 Mar 12 World Bank 700 7 Mar 17 Fixed 4.75 ANZ, TD, WIB AAA Aaa7 Mar 12 World Bank 350 7 Mar 22 Fixed 5.00 ANZ, TD, WIB AAA Aaa7 Mar 12 KfW Bankengruppe 350 28 Mar 17 Fixed 6.00 TD, UBS AAA Aaa AAA9 Mar 12 Asian Development Bank 500 9 Mar 22 Fixed 5.00 ANZ, WIB AAA Aaa AAA9 Mar 12 Rentenbank 250 9 Mar 20 Fixed 5.50 DB, HSBC, JPM AAA Aaa AAA13 Mar 12 International Finance Corporation 300 28 Jul 20 Fixed 5.75 ANZ, DB, WIB AAA Aaa16 Mar 12 Kommunalbanken Norway 150 12 Apr 21 Fixed 6.50 RBC, RBS, TD AAA Aaa20 Mar 12 FMS Wertmanagement 500 20 Mar 17 Fixed 5.00 ANZ, Citi, RBC AAA Aaa AAA21 Mar 12 KfW Bankengruppe 350 9 Feb 22 Fixed 5.50 DB, TD AAA Aaa AAA23 Mar 12 African Development Bank 500 23 Mar 22 Fixed 5.25 DB, RBC, TD AAA Aaa AAA27 Mar 12 Rentenbank 250 9 Mar 20 Fixed 5.50 Citi, TD AAA Aaa AAA29 Mar 12 Rentenbank 400 29 Mar 22 Fixed 5.50 DB, TD AAA Aaa AAA3 Apr 12 Inter-American Development Bank 150 26 Feb 21 Fixed 6.00 TD, WIB AAA Aaa AAA3 Apr 12 KfW Bankengruppe 700 25 Jul 16 Fixed 5.50 ANZ, JPM, UBS AAA Aaa AAA12 Apr 12 Kommunalbanken Norway 300 12 Apr 17 Fixed 4.75 Citi, RBC, RBS AAA Aaa16 Apr 12 Nordic Investment Bank 300 19 Apr 22 Fixed 5.00 DB, RBC, TD AAA Aaatotal 9,150

cUmUlAtiVe KANGARoo leAGUe tAble(exCLUDINg SeLf-LeD DeALS) 1996 – 2012 YTD

Bookrunner Volume a$m

no.deals

% total Volume

RBC Capital Markets 37,766 213 18.7TD Securities 34,042 183 16.9Commonwealth Bank of Australia 26,307 127 13.0UBS Investment Bank 18,617 95 9.2Westpac Institutional Bank 16,235 79 8.1ANZ 16,136 83 8.0National Australia Bank 12,739 50 6.3Deutsche Bank 11,513 65 5.7RBS Australia 9,377 52 4.6Citi 4,940 25 2.4J.P.Morgan 4,459 22 2.2HSBC 2,790 13 1.4Bank of America Merrill Lynch 1,766 9 0.9Credit Suisse 1,575 8 0.8BNP Paribas 749 5 0.4Nomura 788 8 0.4Société générale 624 1 0.3Macquarie Bank 555 3 0.3BMO Capital Markets 350 2 0.2Morgan Stanley 250 2 0.1goldman Sachs 125 1 0.1Daiwa 100 1 0.1total 19,513 100

3 2 | K a n g a n e W s M a y 2 0 1 2

DataMarket

sOurce: KanganeWs aPril 23 2012

NZ domestic + KauRiDeals & league tables

criteria FOr nZ DOMestic league tables: no minimum size; one-year minimum maturity or call date; settlement date used for date calculations; pricing must be disclosed; excludes asset-backed and hybrid deals; issued in the domestic market; bookrunners given equal allocation.

criteria FOr Kauri league tables: nZ$25M minimum size (except for increases: eligible if original deals meets size criterion); one-year minimum maturity or call date; settlement date used for date calculations; pricing must be disclosed; bookrunners given equal allocation.Must also meet criteria for Kauri bond definition: settled via austraclear nZ; issuer domiciled offshore; denominated in nZD; documented offshore (except for supranationals of which nZ is a member).

NeW ZeAlAND Domestic DeAls PriceD jan 1 – aPr 23 2012

settlement date

Issuer Volume nZ$m

maturIty Coupon type

Coupon(%) /margIn

Bookrunner(s) Issuer/Issue ratIngs&p moody’s FItCh

13 Feb 12 Infratil 81 15 Nov 17 Fixed 8.00 ANZ, FNZC, FB, WIB23 Feb 12 Rabobank Nederland New Zealand Branch 300 23 Feb 15 Fixed 4.78 ANZ, WIB AA Aaa AA8 Mar 12 ANZ National Bank 150 8 Mar 17 FRN 190/BKBM ANZ AA- Aa3 AA-13 Mar 12 ANZ National Bank 250 13 Mar 19 Fixed 6.25 ANZ AA- Aa3 AA-15 Mar 12 Horowhenual District Council 3 15 Mar 17 Fixed 5.055 WIB16 Mar 12 Westpac New Zealand 150 14 Mar 15 Fixed 4.8675 WIB AA- Aa3 AA-16 Mar 12 Westpac New Zealand 600 14 Mar 15 FRN 155/BKBM WIB AA- Aa3 AA-19 Mar 12 Rabobank Nederland New Zealand Branch 250 19 Mar 19 Fixed 6.10 ANZ, BNZ AA Aaa AA29 Mar 12 Auckland Council 100 29 Mar 16 Fixed 4.62 ANZ AA29 Mar 12 Auckland Council 100 29 Mar 22 Fixed 6.05 ANZ AA3 May 12 Rabobank Nederland New Zealand Branch 150 3 May 17 Fixed 5.38 ANZ AA Aaa AAtotal 2,134

KAURi DeAls PriceD jan 1 – aPr 23 2012

settlement date

Issuer Volume nZ$m

maturIty Coupon type

Coupon(%) /margIn

Bookrunner(s) Issuer ratIngs&p moody’s FItCh

16 Feb 12 World Bank 325 16 Aug 16 Fixed 4.50 ANZ, DB AAA Aaa16 Mar 12 Nordic Investment Bank 200 16 Mar 17 Fixed 4.125 ANZ AAA Aaa16 Mar 12 Export Development Canada 200 16 Mar 17 Fixed 3.875 TD, WIB AAA Aaa28 Mar 12 Kommunalbanken Norway 75 28 Mar 19 Fixed 5.00 BNZ, WIB AAA Aaa4 Apr 12 Rentenbank 100 15 Dec 17 Fixed 7.485 ANZ AAA Aaa AAA2 May 12 Kommunalbanken Norway 150 2 May 17 Fixed 4.25 ANZ AAA Aaatotal 1,050

NeW ZeAlAND Domestic leAGUe tAble (INCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 1,045 7 49.0Westpac Institutional Bank 923 4 43.3BNZ 125 1 5.9first NZ Capital 20 1 0.9forsyth Barr 20 1 0.9total 2,134 100

NeW ZeAlAND Domestic leAGUe tAble(exCLUDINg SeLf-LeD DeALS) JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 645 5 65.6Westpac Institutional Bank 173 3 17.6BNZ 125 1 12.7first NZ Capital 20 1 2.1forsyth Barr 20 1 2.1total 984 100

KAURi leAGUe tAble(INCLUDINg SeLf-LeD DeALS)* JAN 1 – APR 23 2012

Bookrunner Volume a$m

no.deals

% total Volume

ANZ 613 4 58.3Deutsche Bank 163 1 15.5Westpac Institutional Bank 138 2 13.1TD Securities 100 1 9.5BNZ 38 1 3.6total 1,050 100

*no self-led deals in this period.

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