Green-bond insights: investors should have skin in the game, key market player insists

Investor and intermediary participants in the Australian domestic market’s latest green-bond transaction identify a growing demand for deals beyond specialist socially responsible investment (SRI) portfolios. Nor should it be necessary for green bonds to price tighter than vanilla bonds to grow the green bond market – in fact, one investor insists this is a product in which the buy side should have skin in the game.

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Deal and ratings review, week ending May 29 2015

The trend of Australasian corporate borrowers opting to raise funds offshore – namely Europe and the US – continues. Meanwhile Australian dollar and securitisation deal flow maintains a steady pace.

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La Trobe Financial prices A$250 million in its second-ever RMBS [UPDATED]

La Trobe Financial priced it’s second-ever issue of residential mortgage-backed securities (RMBS) on May 29. The transaction – La Trobe Financial Capital Markets Trust 2015-1 – consists of notes backed by nonconforming residential mortgages across eight tranches.

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BNG Bank prices A$50 million increase to its 2025 Kangaroo bond [UPDATED]

BNG Bank launched and priced another increase to its July 2025 Kangaroo on May 29. According to KangaNews data, the line was introduced on January 7 this year at volume of A$150 million (US$114.8 million) and pricing of 81 basis points over Australian government bond (ACGB). The line has since been tapped several times – most recently by A$50 million on April 28 and with pricing of 69.5 basis points over ACGB.

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CAF outlines its Kangaroo market priorities following its third deal

In the wake of its curve-extending 10-year transaction – its third issue in the Kangaroo market – Corporación Andina de Fomento (CAF) reveals that building a curve in Australian dollars is a specific priority for the supranational. Domestic investors are gradually becoming less cautious with Latin America as a region, the deal’s lead managers insist, as familiarity grows.

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Latest Issue 2015 April-May

Lastest Issue

Will infrastructure supply reach the AUD bond market? Also: green bonds, NAB on deal innovation, New Zealand outlook, bank funding and capital, the latest Fitch-KangaNews investor survey, terms and conditions compared, QTC discusses changing environment, news, opinion and deal data.