Execution strategy enables KfW to take Australian green-bond volume up a notch

For its Kangaroo green-bond debut, KfW Bankengruppe deployed a different execution approach to that used by Australia’s only other green-bond issuer from the supranational, sovereign and agency (SSA) sector. This strategy helped KfW to price A$600 million (US$469.8 million) in its five-year green bond on March 26 – double the volume of any previous Australian dollar deal in this format.

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Liberty mandates its debut senior-unsecured domestic deal [UPDATED]

Liberty Financial (Liberty) (BBB- by S&P) mandated its inaugural senior-unsecured three-year fixed-rate transaction in the domestic market on March 27. The debut follows a series of fixed-income investor meetings which commenced on February 27.

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KfW prices A$600 million in its inaugural Kangaroo green bond [UPDATED]

On March 26, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) priced its debut 5.25-year Kangaroo green-bond transaction. The deal is the second-ever supranational, sovereign and agency (SSA) Kangaroo green bond and the third denominated in Australian dollars.

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Market reopening corporate hybrid welcomed by diversity-hungry investors

Deal sources insist the latest issuer to place a corporate hybrid transaction in the Australian market attracted a groundswell of support to the deal from both retail and wholesale investors. The manner of deal execution lends some support to this claim – including the volume of bids and the speed at which they emerged.

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BoC Sydney returns for a new three-year domestic deal

On March 26, Bank of China Sydney Branch (BoC Sydney) (A/A1/A) launched its fourth Australian dollar domestic benchmark transaction, and its first since 2013. BoC Sydney is targeting a three-year maturity in the forthcoming deal.

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Weekly update

Latest Issue 2015 February-March

Lastest Issue

The future of bank capital. USPP market participant insights. Global demand for AUD product. Listed market shake-up. L-Bank: committed to innovation. Sector previews: Australian credit and securitisation. Slim prospects for tax overhaul.