Series of A$ bond issues to price on Tuesday

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SYDNEY Aug 31 (Reuters) - An unusual series of bond issues, all due to price on Tuesday, will conclude a strong month for Australian dollar issuance as investors rush to put their money to work.

August will be the second largest month of the year with over A$11 billion ($9.8 billion) of bonds sold over the period, after March which digested a hefty A$16 billion, data from consultancy firm ADCM shows.

Strong demand for the three bond offers due to price later in the day have already exceeded expectations with orderbooks well-oversubscribed.

Bank of America Corporation (BAC.N)'s orderbook is well in excess of A$1 billion, a source who has seen the terms said. The three-year kangaroo bond offer was launched with a minimum issue size of A$500 million with a margin of 210 basis points over swap.

The issue, to be rated A by S&P, A2 by Moody's and A-plus by Fitch, is jointly managed by Bank of America Merrill Lynch Australia, ANZ, National Australia Bank and Westpac Institutional Bank.

Demand for Credit Suisse Sydney branch (CSGN.VX)'s five-year floating rate note issue is also very strong with more than A$750 million worth of bids, another source who has seen the terms said.

The issue was initially announced with a size of A$500 million at around 160 bps over BBSW and has limited room for increase.

The issue, rated A+ by S&P, Aa1 by Moody's and AA- by Fitch, is led by Credit Suisse, Commonwealth Bank of Australia (CBA.AX) (CBA) and NAB (NAB.AX).

Finally, Macquarie University is also likely to increase its bond debut to A$250 million from a minimum of A$200 million following good demand, in particular for a non-financial borrower.

The 10-year bond issue, initially marketed at 170 bps over swap, is lead managed by CBA and ANZ. The university is rated Aa2 by Moody's.

Bond issues by non-financial borrowers are rare in Australia where most of the issuance comes from banks or supranational entities.

Total Australian dollar bond issuance this year, excluding asset-backed securities, stands at A$62 billion. This is slightly more than the volume seen at the same time last year, Thomson Reuters data shows.

(Reporting by Cecile Lefort; Editing by Ed Davies)