Deal and ratings review, week ending April 29 2016

Australian and New Zealand deal flow slowed as a holiday week in both countries affected the last week in April. While no transactions have yet priced, Australia saw its first non-government-sector, investment-grade corporate activity of the year as Port of Brisbane announced a debt investor update with potential transaction to follow. 

Register to

TCV stays in net-negative borrowing territory following state budget

Treasury Corporation of Victoria (TCV) will make a net debt repayment of A$1.5 billion (US$1.1 billion) in 2016/17 according to projections released on April 28, a day after the state of Victoria’s annual budget was handed down. The near-term forecast is heavily influenced by the delayed lease of the Port of Melbourne, which is expected to enable the Victorian general government sector to repay A$3.6 billion of debt in 2016/17.

Register to

Post-deal insights: Flexi’s green pricing advantage may hint at future outcomes

The arranger of the first Australian asset-backed securities (ABS) transaction to include a tranche of certified green notes says this tranche’s relatively tight issue margin could be repeatable in future such deals. The deal’s issuer, meanwhile, says it encountered ample demand for the green tranche and hopes to repeat the mixed-format securitisation structure in due course.

Register to
2016 Fixed Income Beyond Sky

Weekly update

2016 NZ DCM Summit MREC

Latest Issue 2016 April supplement: KangaNews DCM Summit 2016

Lastest Issue

Exclusive insights from the KangaNews DCM Summit 2016 – Australia’s leading forum for debt-market conversation and information exchange – which took place in Sydney on February 22-23.