Deal and ratings review, week ending December 19 2014

Deal flow all but ground to a halt during the week under review as market participants prepared to head out for the holidays. Meanwhile, half-year financial and economic review data show a few wobbles in Australia but resilience in New Zealand.

*This will be the final KangaNews deal and ratings review for 2014 and the next one will be published on January 9 2015. This will include any deal or ratings activity that occurs before then. In the meantime, KangaNews wishes all its readers the very best for the festive season.*

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Mid-year updates: Australia wobbles as New Zealand shows resilience

The latest half-year financial and economic review data show the New Zealand economy is moving from “rock star to rock solid” while Australia’s budget targets are increasingly becoming a moving target, analysts say. The respective debt management offices are faced with accordingly divergent funding tasks.

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KfW getting closer to bringing its green-bond programme to Australia

KfW Bankengruppe (KfW), the Kangaroo market’s largest issuer, is moving closer to bringing its “Green Bonds – made by KfW” programme to the Australian market. A funding update published by the agency on December 15 names Australian dollars as one of two currencies in which it is exploring offering green bonds in 2015.

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Full pricing details on MyState’s latest RMBS issue [UPDATED]

MyState priced a new residential mortgage-backed securities (RMBS) transaction on December 11. The deal is the fourth public RMBS issue to be launched off MyState’s ConQuest securitisation programme.

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Weekly update

Latest Issue 2014 November

Lastest Issue

Exclusive surveys of Australian fixed-income investors and corporate borrowers. Investor insights into CDS usage and the volatility environment. NZ securitisation. Tier-one price action. Reassessing the semi-government risk-return equation.