Deal and ratings review, week ending August 26 2016

In the last week of August the New Zealand Debt Management Office printed NZ$2 billion (US$1.46 billion) in an April 2037 syndicated bond. On the other side of the Tasman Sea, Mirvac Group priced its first Australian domestic deal since 2013, with an A$200 million (US$152.7 million) seven-year transaction.

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Market insights: Mid-curve SSA Kangaroo flurry helps maintain market consistency

Issuers and intermediaries say demand and liquidity dynamics have facilitated a pickup in benchmark-size supranational, sovereign and agency (SSA) mid-curve activity during July and August. Such deal flow is positive given market sentiment around smaller deal sizes and comes as investors place notably greater importance on liquidity in bond lines.

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Full pricing details on Mirvac’s new A$200 million seven-year domestic deal [UPDATED]

Mirvac Group (Mirvac) (BBB+/Baa1) priced a a new, A$200 million (US$152.4 million) seven-year domestic transaction on August 25. The transaction follows a series of domestic investor meetings undertaken by Mirvac from August 18.

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Weekly update

Latest Issue 2016 June-July

Lastest Issue

KangaNews’s 10th anniversary edition contains extensive coverage of the publication’s history. Also included: corporate market analysis, high-grade perspectives from Australia and abroad, Fixed-Income Research Poll results and analysis and lots, lots more.