Includes NZ Domestic only PLUS All-New Zealand
Vanilla [NZ Domestic + Kauri] league tables

Includes AUD tranches only PLUS All-Australian
Securitisation AUD + Foreign currency tranches] league tables

Includes AU Domestic only PLUS All-Australian
Vanilla [AU Domestic + Kangaroo] league tables

Includes AUD tranches only PLUS All-Australian
Securitisation AUD + Foreign currency tranches] league tables

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KangaNews is proud to present a brand-new supplement covering the Australian nonbank sector. The supplement contains key insights into the sector’s growth opportunities as well as perspectives from and data on the leading players.

KangaNews’s annual Australian corporate focus homes in on the changing face of the domestic bond market. Full coverage of the KangaNews-BNZ New Zealand roundtable. Australian banks and one-year funding. European market pulse. Biannual Australian investor survey.

KangaNews is proud to present its annual guide to the supranational, sovereign and agency issuer sector – including insights into global demand factors and profiles of all the key borrowers.

Australian dollar deals drift away from the Kangaroo market. Blockchain: what bond market participants need to know. Event reports: KangaNews NZDCM Summit and Fixed Income Beyond the Institutional Sector. The rise of Japanese banks as Australian intermediaries.

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.

Asset allocation, SRI, bank funding, NZ market update, the future of BBSW, KangaNews Awards Gala Dinner, university funding, disruptive technology in infrastructure, securitisation, managing downgrades, investor survey and more.

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.

As volatility ripped through global risk markets at the start of the year, KangaNews took the opportunity to take the pulse of a number of key sectors – including corporate bonds on- and offshore, SSA issuance in Australia and New Zealand and the high-yield sector.

KangaNews is proud to present its second annual Australian and New Zealand High-Grade Issuers Supplement. Included are profiles of the key government-sector issuers in Australasia, analysis of economic developments in Australia and New Zealand, and market insights from the borrowers.

Inaugural awards: issuers, investors and intermediaries vote for the best deals, personalities and borrowers in the Kangaroo and Kauri bond markets in 2007. Special report: US FIs - including roundtable discussion. Domestic investors slowly start to buy Kangaroos again - but triple-A taps the only deals. Crédit Agricole completes Kauri bond in tough conditions.

Triple-A safe haven: a global flight to liquidity has benefited supranational and agency issuers. Socially-responsible bonds: EIB and World Bank lead the way. Triple-A issuance remains vibrant in Kauri bond market. Asian investor report: long-term portfolio rebalancing and spiralling FX reserves have resulted in a steady flow of Asian investor money into Australian fixed income.

New Zealand: the final frontier. Kangaroo primary market reopens: first deals after credit crunch go offshore. German issuer report. Covered bonds: location is key to safe-haven status.

Asian issuers - particularly from Korea - will eventually form a third pillar of international borrowers to access the Kangaroo bond market. Shinhan tests Aussie appetite. Kauri market surges. Asian bond fund: stimulating local bond markets.

Kangaroo forum: connecting the market. Investor spotlight: VFMC. Back office battle: Austraclear retreats. JPMorgan debuts in volatile market. Morgan Stanley talks strategy on non-core dollar markets.

Tug of war: Maple vs Kangaroo. Investors demand protected deals - covenant protection in vogue. Investor appetite: T1 and sub debt flavours of the month. Wachovia's Kangaroo debut. Kauthing accelerates Kangaroo plans.

Summit report: Kangaroos positioned for growth. Covered bonds: ways to overcome depositor protection concerns. Eurohypo gears up for Kangaroo debut.

Structuring the future: product diversity proves the Kangaroo market is maturing. Looking for liquidity: semis the really liquid play. Rabobank innovates with a diverse product range. Consultants talk about asset allocation.

Nordic issuers: solid as a rock. GPS120: impact on Kangaroo market. The execution tightrope: the syndicate role matures but is it really independent? Munifin poised for Kangaroo debut. BT Funds Management talks strategy.

KangaNews February 2007 edition.

Inaugural issue of KangaNews. Market expansion accelerates: record issuance levels and a steady flow of new issuers ensure the Kangaroo bond market is positioned for the strongest growth year yet. Billion dollar deals: redefining the benchmark size? Dynamics of demand: the sweet spots for Aussie investors. Market innovator: Hypo Real Estate's double debut.

In search of liquidity: with both Pfandbriefe and obligations foncières issued in the Kangaroo bond market, will covered bonds take off in Australia? Roundtable discussion: covered bonds uncovered. The changing role of deposits in Australia: why APRA should consider allowing domestic banks to issue covered bonds. Aussie investors highlight the best deals of 2006 and give their outlook for 2007.

Changes energise triple-A world: Basel II impact on risk weightings, tapping etiquette debate, EIB's inflation-linked bond bring dynamism to the high-grade sector. Kiwi investors glance cross-border. NZ investor Q&A.

Opening the door to German issuers: an in-depth report on German issuers active in the Australian market. Analysing the Asian bid. Roundtable discussion: German economy and state development agencies. Competition heats up: is the Kangaroo market overbroked?

Dutch agencies and commercial banks: surprising volumes in the domestic and Kangaroo markets. Semi-government funding rises - impact on Kangaroo market. Cades market debut. Who's buying triple-A: investor allocations revealed.

10th anniversary special issue: a decade of Kangaroo issuance. Issuers compare AUD and other non-core dollar markets. Investor spotlight: Colonial First State. Bankers optimistic on Kangaroo market outlook. Bank investors report static demand for Kangaroos.

Winners’ insights from the KangaNews Awards 2015. Annual reviews of the market year in Australia and New Zealand. Post-MYEFO and HYEFO updates. ICBC New Zealand offers access to the China interbank bond market. Perspectives from KfW Bankengruppe and World Bank.

Corporate market focus: insights and outlooks from key players, borrowers’ intentions survey and issuance prospects. Fund managers on credit liquidity. New trends in investor survey responses. Offshore banks in Australia.

KangaNews is proud to present the 2015 Supranational, Soveiergn and Agency Issuers Supplement, supported once again by TD Securities (TD). The supplement features profiles of key global high-grade borrowers, and insights into the changing face of international funding markets.

Exclusive coverage of the KangaNews New Zealand DCM Summit 2015. Australia’s emerging SMSF and middle-market fixed-income sector. Corporate treasurers on global funding options. The next step for bank capital. Queensland’s new strategy. High yield in Australia.

Rates market focus: HQLA regime reviewed, long-dated futures and New Zealand demand. Global perspectives roundtable. KangaNews Fixed-Income Research Poll 2015: full coverage. Australasian budget wrap. And much more…

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.

In depth coverage of the KangaNews DCM Summit 2015, including insights of key market players from the buy and sell sides. Coverage includes market views on global demand for Australian dollar assets, insights from APRA and the RBA and economic commentators' interpretation of the global economy.

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.

KangaNews is proud to present the 2015 Australian and New Zealand High-Grade Issuers Supplement. The supplement features profiles of all the key government-sector issuers, analysis of economic developments in Australia and New Zealand, and global-markets insights from the borrowers.

Full coverage of the KangaNews Awards 2014. Financial-system inquiry final report, impact on bond markets and a bank CEO responds. Insights from the 2014 KangaNews Corporate Debt Summit. Australia and New Zealand annual reviews. China-Australia free trade and RMB bonds. 2014 deal data.

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.

The fifth annual KangaNews guide to Australasian corporate issuers, sponsored by Westpac Institutional Bank. Featuring 71 profiles.

USPP appeal for Australasian corporate issuers. Australian corporates at the KangaNews-BNP Paribas roundtable. The eighth KangaNews-BNZ roundtable. Canadian FIs in Australia. The FSI: a damp squib for bonds? Credit wraps on the radar. Investor Q&As: IFM and NZ Super.

KangaNews's annual supranational, sovereign and agency issuer yearbook. Featuring profiles of all the key Australian and New Zealand market issuers as well as a sector update and issuance data. Sponsored by TD Securities.

Exclusive coverage of the second annual KangaNews New Zealand DCM Summit. New issuance strategies in the SSA Kangaroo market. Uncovering rates pricing anomalies. Lukewarm responses to financial system inquiry corporate bond concepts. Western European FI borrowers in focus. New DCM approach paying off for NAB.

Secondary takes the strain: market participants ponder the future of a highly regulated and divided trading environment. Queensland in the global spotlight. Global low-yield strategies roundtable. Fixed-income research poll winners announced. Middle East banks in focus. BNP Paribas's Bruce Spencer shares his view on the roles investors can play in major project development.

Shuffling the deck: analyst talk following 2014 federal budget. TCV on curve liquidity. Kumar Palghat, founder of Kapstream Capital, shares his absolute return view. Three of the majors release half-year results. Deciphering reserve bank statements.

Extensive analysis of financial system inquiry submissions. Fitch-KangaNews Fixed-Income Investor Sentiment Survey results and analysis. The real issues in the AUD corporate market. Australia’s first-ever green bond. Origin Energy on funding plans and outlook.
In-depth coverage of the KangaNews DCM Summit 2014, including the insights of key market players from the buy and sell sides. Also featured is an exclusive interview with then-NSW treasurer, Mike Baird, shortly before he took the role of state premier.

New Zealand: the 'rock star' economy. Annual awards dinner photos. Prospects in the Australian syndicated loans and listed debt markets. Satyajit Das on emerging markets problems. Are cash rates 'too low'? Fixed income in SMSF.

Looming changes to state funding dynamics. Australian prospects for conditional pass-through covered bonds. USPP investor roundtable, and issuer perspectives. Global corporate markets compared. AMP’s new head of fixed income speaks.

Australian corporates weight structured finance options. Major bank funders roundtable. Strategist outlook for Australia and New Zealand. Victoria’s treasurer on budgetary responsibility. L-Bank returns to Kangaroo issuance. Australia’s wholesale tier-two market opens.

The largest ever edition of KangaNews magazine contains full coverage of the KangaNews Awards 2013, analysis and data on 2013 in the Australasian bond markets and a detailed report on 2013's KangaNews Corporate Bond Summit.

In October 2013, Commonwealth Bank hosted its sixth annual Australasian Fixed Income Conference. KangaNews is proud to present its coverage of this benchmark event.

The fourth annual KangaNews guide to Australasian corporate issuers, sponsored by Westpac Institutional Bank. Featuring 79 profiles.

Global investor macro perspectives. Australian fund managers on credit liquidity. The AUD EMTN market. Australian high-yield issuance. Bird’s Eye View: bond mythbusting. Australian corporates offshore issuance reviewed. Deal perspectives and transaction data.

KangaNews's annual supranational, sovereign and agency issuer yearbook. Featuring profiles of all the key Australian and New Zealand market issuers as well as a sector update and issuance data. Sponsored by TD Securities.

Corporate Kangaroo prospects. High-yield resources borrowers speak. Roundtables on AUD listed issuance and Australian corporates in global markets. European funding update. Offshore demand for AUD. RMBS revival. Deal data and colour.

NZ DCM Summit wrap-up. A look at increased triple-B corporate issuance. Roundtables on Australia's FI sector and NZ search for diversity. Superannuation Q+A. Plus news, Bird's eye view, commentary, market analysis and data.

Uncollateralised derivatives hedges in the spotlight. States focus on cuts. Roundtables on local government funding and managing funding programmes. QTC Q&A. Third annual fixed income research poll results. Plus news, commentary, market analysis and data.

Kangaroo market revives for range of issuers. Roundtable on tier-two capital. May brings revived transaction flow for SSA Kangaroos. State treasurer of Victoria Q&A. Plus news, commentary, market analysis and deal data.

Exclusive coverage of the KangaNews DCM Summit 2013, held in Sydney on March 19-20. Featuring an unrivalled range of insights from all four Australian major bank treasurers, domestic and global borrowers, investors, traders and analysts.

Asset allocation innovations. Corporates in focus: offshore funding and equity credit hybrids. RBNZ on the pourpose of OBR. Plus news, commentary, market analysis and deal data.

New Zealand update. KangaNews awards dinner photos. Syndicated loans. Markets in focus: AUD credit, RMBS, high yield and Kauris. Eurozone sovereign risk analysis.

Bank funding special, featuring: big four funders roundtable, securitisation analysis and tier two prospects. Focus on infrastructure debt. Japanese demand for AUD. US investors on shale gas. The fact's behind the 'bond bubble' myth.

Measured analysis of the Australian resources investment story. USPP market update and investor outlooks. Superannuation asset allocation perspectives. Retail market infrastructure developments.

The rapidly-changing bank funding environment was a central topic at the KangaNews DCM Summit. The consensus is that, while market conditions have improved significantly from the turn of the year, there have been changes to the funding landscape that may never be undone. The summit was sponsored by ANZ, RBC Capital Markets, TD Securities and Westpac Institutional Bank.

Full coverage of the 2012 KangaNews awards for the Australian and New Zealand debt markets, including commentary from all the winners. Annual reviews of the Australian and New Zealand markets in 2012.

Infrastructure opportunities for debt investors analysed. Asset allocation: perspectives on fixed income's role. Buy- and sell-side views on deal flow for triple-B corporates. Borrowers take differing return strategies for RMBS. Plus deal analysis, news and league tables.

In October 2012, Commonwealth Bank of Australia hosted its fifth annual Australasian Fixed Income Conference in Sydney. As the exclusive media partner of this benchmark event, KangaNews is proud to present its supplement covering the discussions that took place as well as issuer profiles on all of Australia and New Zealand's sovereign and semi-government issuers.

Retail therapy: the way forward for the Australian retail bond market following bumper deal flow. SSA Kangaroos: primary issuance rebound analysed. Local government funding agencies from the Nordic region and NZ's new LGFA discuss funding strategy at roundtable discussion. New Zealand update: the country is going for a global vision and Asian focus according to participants at the annual DCM Forum sponsored by ANZ.

The third annual KangaNews guide to Australasian corporate issuers, sponsored by Westpac Institutional Bank. Featuring 78 profiles.

Relative value: covered bond pricing for Australian banks has thrown a spanner in the works of existing relativities. Australian retail: record deal flow across sectors. LGFA: New Zealand's newest borrower seeks semi status. Covered bonds: new Australasian league tables.

Analysis of the wider issuance base coming to the Kangaroo market, and of BHP Billiton's AUD return. NSW treasurer Q&A. Australian corporates issuing offshore. Social benefit bonds. SSA roundtable in Tokyo.

Downsizing: the prospects of reduced cross-border deal flow, both in and out of Australia, seem high at the start of 2012. Covered bonds: domestic deals for Aussie banks. USPP: investors discuss outlook and Australasia at Miami roundtable. Queensland: state treasurer view as borrowing falls.

KangaNews's second annual Corporate Bond Summit took place in Sydney on September 11 2012. Read full coverage of the day's conversation here, including insights into market thinking on infrastructure debt, USPPs, asset allocation, and the development of wholesale and retail corporate bonds in Australia.

Perspectives from Europe on the future for Germany and the Eurozone. Exclusive post-budget interview with Queensland's new treasurer. Insights into wholesale participation in retail deals. Securitisation master trusts under the microscope. Deal commentary, including BP's Kangaroo debut. Market trends and analysis.

KangaNews's annual guide to global supranational, sovereign and agency borrowers, sponsored by TD Securities.

New Zealand market update, including analysis, annual roundtable and finance minister interview. Corporate issuance outlook. Australian corporates in global markets roundtable. Superannuation fund interview. Focus on ETF potential. Plus market news and deal data.

Cross-currency swap developments. Global borrowers in London roundtable. AUD corporate update. Fixed income research poll results. Australian sovereign and semi-government analysis. Spotlight on Victoria. Plus deal analysis and data.

Fixed income ETFs analysed. The state of play in the RMBS market. Roundtables on retail demand and inflation-linked product. Dim Sum developments. Plus news, analysis and data.

Annual awards issue: a year of two halves. Recognising the standout performances of 12 months in which turmoil returned to financial markets. Loan market: deal flow continues with stream of benchmarks. Kangaroo shutdown: negative factors slam European borrowers. AUD corporates: Wesfarmers tops late-year deal list.

Special report featuring key discussions during the inaugural Corporate Bond Summit, arranged by KangaNews. Domestic issuers and investors reveal that asset allocation issues and competing debt funding options are limiting Australian corporate bond market progress. But there is no shortage of demand for corporate credit. Headline sponsor: Westpac Institutional Bank. Supporting sponsors: Mallesons Stephen Jaques, Standard & Poor's, Fitch Ratings.

Report on CBA's annual international investor and Australasian sovereign and semi issuer conference. Participants reveal that as world economies go into reverse, Australia and New Zealand are still giving investors a happier ride. Featuring profiles on Australasian sovereign and semi-government issuers. Sponsored by Commonwealth Bank of Australia.

The second annual guide to Australian and New Zealand corporate issuers. Featuring in-depth profiles of 65 issuers. Sponsored by Westpac Institutional Bank.

Issuance ammunition: Australia's banks have never had such a wide range of funding tools - including covered bonds. Japanese investors: high-grade AUD allocation outlook. NZ downgrade: NZDMO positive on contained market response. World Bank: a quarter century as an AUD borrower. Roundtable discusson with Australian bank funders.

First move: Australian banks say they can meet their regulator's target of being early adopters of new global capital standards. Swap collateral: the cost impact of counterparty risk. European economy: assessing the threat to currency union. Industry funds: Australia's largest talks debt strategy.


SSAs under the microscope: the third annual guide to top-rated international borrowers. Includes update on SSA funding strategies and profiles of 22 SSA issuers active in the Kangaroo bond market. Sponsored by TD Securities.

New Zealand: back in black. Annual NZ market report reveals that domestic capital markets have grounds for optimism despite a turbulent global environment. Includes annual roundtable discussion with issuers and investors. UK banks: funders on strategy - including the role of the AUD. Bond issuance: borrowers batten down the hatches. Liquidity: investor experiences as global volatility bites hard.

Cracking the Dim Sum combination: the pool of renminbi funds in Hong Kong is growing exponentially, and may now be on the cusp of becoming a major global funding option for Australasian firms. Fixed Income Research Survey 2011: announcing the winners as voted by the buy-side. High-yield bonds: Australian issuers find home in USA. Semi governments: funding update post 2011 budget season. Annual London SSA roundtable: issuers discuss regulatory impact on funding strategy.

Global weights shift: with more bad economic news emerging in the west, the benefits of internationalising capital markets and currencies in Asia grow ever clearer. Credit investors: latest insights on Australian market during roundtable discussion. Banking competition: issuer response to senate committee. Deal flow returns: on- and offshore pipeline pumping.

The supply bottleneck: for the first time since the financial crisis, demand is exceeding supply in the Australian securitisation market. Asian private banks: Singapore roundtable discusses AUD bid. Corporate bonds: Australian success at home and abroad. Syndicated loans: liquidity dynamics as margins tighten.

Report on the annual DCM Summit hosted by KangaNews and sponsored by ANZ, RBC Capital Markets, TD Securities and Westpac Institutional Bank. Regulatory developments were the number one talking point among internationalal and domestic issuers and investors.

The angry earth: The Asia Pacific region has been rocked by natural disasters and capital markets are far from immune to the consequences. Corporate bonds: promoting liquidity as market grows. Liquid assets: SSA Kangaroos state their level two case. New Zealand: new regulator and local funding agency.

The right structure: with covered bonds joining the funding menu, the blueprint for bank borrowing is being redrawn. Roundtable discussion on covered bonds - Australian investors and potential issuers discuss the key issues for the soon-to-launch market. Liquid assets: APRA rules out SSAs and covered bonds. More banks getting share of Kangaroo market. Natural disasters: federal and state consequences. Aussie investors discuss diversity in a local market dominated by FIs.

Steady flow: Australian and international borrowers weigh up the prospects for taking funds in and out of AUD in 2011. USPP prospects: investor and issuer insights for 2011 at annual roundtable in Miami. Triple-A Kangaroos: January sets issuance record. Samurai bonds: Aussie bank activity developing.

Red carpet ride: announcing the winners of the 2010 KangaNews awards and full analysis of how they excelled. Securitisation: a global take on Australia's position. Regulation: key announcements before year-end. IFFIm: the newest Kangaroo issuer describes a unique mission.

Riding the upswing: Australasia continues to soar. A guide to the economies of Australia and New Zealand, featuring profiles of both countries' key high-grade issuers. Sponsored by Commonwealth Bank of Australia.

The first annual guide to Australian and New Zealand corporate issuers. Featuring in-depth profiles of 53 borrowers. Sponsored by Westpac Institutional Bank.

Surveying the ABS landscape: the annual guide to Australian securitised issuers. Featuring in-depth profiles of 22 issuers. Sponsored by ANZ.

Reading the runes: Australian investors continue to make high-grade buying decisions in an environment where the precise form of regulatory change is unknown. Independent debt advisers: an open mind for corporate borrowing. Corporates discuss picking options across global markets in roundtable discussion. Covered bonds: offshore banks back in Australia.

 Triple-As: club of aces. With the focus of the world’s financial crisis shifting in 2010 from the banking sector to sovereign issuers, the position of the supranational, sovereign and agencysector has come under higher scrutiny. Challenging conditions have also created pockets of opportunity – including in the Australian dollar market. Including in-depth profiles of 18 SSAs. Second annual SSA Yearbook sponsored by TD Securities.

Treasury keys: Australia's top bank treasurers talk regulatory reform. Germany: the right structures to sustain a budding rebound. Triple-A borrowers discuss Japanese demand at roundtable discussion in Tokyo. Bank funding: roundtable discussion with big four gives pan-market view.

New Zealand: diversity bears fruit. Corporate bonds: issuers and investors recognise market progress at roundtable discussion. Queensland treasuer still aiming for triple-A as economy recovers. State funders: staying relevant as high-grade issuance rises globally. NZ finance minister targets international investment growth. NZ roundtable discussion: long called-for supply diversity meeting demand.

Priming the pump: while liquidity has held up, syndicated loan players are getting ready for a surge of activity. FX: long- and short-term factors battle for maximum impact on AUD trajectory. SSAs: issuers and investors talk strategy in volatile market environment, at annual London forum. New Zealand: BNZ's covered bond debut heads issuance revival.

Mixed messages: uncoordinated regulatory reform may neutralise Aussie bond market development. Supply diversity: investors say global volatility is further narrowing issuance breadth. RMBS: taking the pulse in an uncertain market environment. AOFM: strong federal budget means sovereign funding growth will slow. German federalism: a conundrum?

Sovereign risk: as debt burdens soar, risk-free sovereign status is hanging by a thread. Roundtable discussion: credit investors give practical suggestions to build local corporate bond market. Covered bonds: finding the right formula for legislative acceptance. Telstra: setting the record straight about on- and offshore covenants. Kangaroo FRNs offer opportunities for less frequent borrowers to access the market.

Triple-A Summit report: A new dawn. After surviving the crisis in good shape the high-grade market in Australia has emerged from the shadows and looks set to remain in focus for a long time to come. Summit sponsored by Westpac Institutional Bank.

Fine-tuning asset allocation: Australian asset consultants and investors are tweaking asset allocation to reflect new ideas about risk and correlation. USPP market: roundtable discussion with investors reveal positive outlook and strong sentiment for Australian credits. New Zealand: confidence and controversy in a growing buy-side environment. Inflation: sophisticated hedging techniques for an uncertain future.

Flying solo: after a year of government support, Australia's banks will have to revert to funding exclusively on a standalone basis. Corporates line up: as bond pricing improves, the corporate pipeline is building. Kangaroos: FIs return and SSAs keep rolling. QTC and TCorp's guarantee exit strategies emerge. RMBS market recovery continues but IOSCO regulatory spectre looms.

Balancing the basis: the basis swap took a wild ride in 2009 and there are no signs of on- and offshore flows in the Australian market abating. Record Kangaroo volume in January: all-time high. Retail corporate bond market push: government backs regulatory moves to revolutionalise market.

Taking the laurels: the 2009 KangaNews awards for the outstanding deals, intermediaries, issuers and individuals in the Australian and New Zealand debt capital markets. Bank funding: Australia's biggest guns talk strategy in roundtable discussion. Political insight: Q&A with Australia's assistant treasurer. Annual review: steady progress on the road to recovery.

Report on CBA's annual international investor and Australasian sovereign and semi-government issuer conference. Participants reveal that economic outperformance in times of crisis is helping Australia and New Zealand's high-grade issuers fund for future growth. Includes roundtable discussion with issuers. Sponsored by Commonwealth Bank of Australia.

The butterfly effect: a recalibration of iquidity regulation is set to unleash consequences - both intended and unintended - on issuers and bank balance sheets. Bank funders: Aussie issuers set for the future. Roundtable discussion: inflation-linked bonds: investors make their needs known as the product emerges. ABS market: AOFM wants to support third-party demand.

Spotlight on triple-As. The first annual guide to SSA issuers presents in-depth comparative data and analysis and a detailed review of the Kangaroo bond market. Sponsored by TD Securities.

Inflation-linked bonds take off: soaring interest predicted ahead of first Australian government deal since 2003. German lessons: issuers say their credits have benefited from Germany's past experiences. Corporate bonds: steady progress through 2009. Australian high-grade issuers welcomed by global investors. APRA's liquid assets call: changes looming.

NZ special report: improving sentiment is causing wholesale investors to hunt for diversity. ADIs: how Australia's smaller banks are coping with a tough funding environment. NZDMO talks strategy for issuance growth. Annual NZ market roundtable discussion: issuers and investors discuss the key issues in a cautiously optimistic environment.

Building bridges: KangaNews and Australia's big four banks host an unprecedented event to bring corporate Australia together with domestic investors to hammer out the issues that have handicapped the domestic corporate bond market. SSAs talk strategy: frequent borrowers highlight commitment to Kangaroo and Kauri bond markets at annual London forum. Sovereign guarantee enacted for semis but which states will use it? Super-sizing fixed income: super funds are moving away from credit-centric approaches.

Kangaroos bouncing back on the back of strong domestic investor demand. Asset allcoation: investment consultants say dismal super returns are driving significant changes in how assets are defined. Utilities unveiled: regulatory changes and funding options. Inflation-linked bonds: Aussie government opens door to federal issuance.

The funding puzzle: refinancing corporate Australia - loans dominate but bonds gather momentum. Semi bonds: state funding sovereign guarantee triggers pricing rebound. Tabcorp success: inaugural retail bond upsized. CBA surprise: first Aussie bank to issue domestic jumbo unguaranteed bond.

The old guard: offshore SSAs and Australian semis are being crowded out by sovereign and government-guaranteed paper - issuers and investors talk strategy. Aussie economy: Westpac's economist gives the low-down. RMBS: non-call concerns as AOFM continues to buy. Retail bid: AMP brings first trans-Tasman offering. Australian semis: how state treasuries are dealing with market freeze.

Matching the new background: Australian investors discuss their changing portfolios. Unguaranteed deals: Aussie issuers test the waters. Corporate bonds: Kiwi retail market leads the way. Govvie bonds, AOFM talks issuance strategy. Secondary market: liquidity returning but challenges remain.

New landscape: government guarantees change the funding environment for all issuers. 'Real triple-As': funding challenges as competition from banks heats up. NZ corporates: sizing up options in early 2009. Bouncing the basis swap: annual review reveals basis volatility is likely to continue for some time.

Annual awards issue: participants across the market nominate the leading individuals, deals, intermediaries and issuers in Australia and New Zealand in 2008. State treasuries: IWT changes level triple-A playing field. Aussie banks rush to fund with sovereign guarantee. NZ corporates: retail demand fuelling diversity.

Quality reigns: triple-A issuers have dominated the Kangaroo and Kauri bond markets in 2008. Inflation-linked bonds: Australian investors argue for greater allocation. Dissecting government support packages: impact on Antipodean markets. NZ market remains open: Kauris and corporate deals complete in volatile market conditions.

Asset-backed securities: hopes that the market may be waking up. Lehman is first-ever Kangaroo default. Special report: German issuers. Aussie intermediaries reorganise offshore teams in a tough environment.

At the crossroads: New Zealand's investors are pinning their hopes on new products to keep the local debt market viable. Middle market: CDO backlash and regulation set to change investment patterns. AOFM in play: Aussie government investor confirms it has started buying Kangaroos. Investors monitor semi curve as TCorp is placed on outlook negative.

Kangaroo and Kauri forum: linking the market. Signs of life: domestic ABS and T1 markets return. State treasuries enthused by anticipated liquidity boost. Trading traces: secondary market remains troubled.

Buying behaviour: Australian investors' capital has continued to build up through the credit crunch and local banks may just be the first to see the purse strings loosening. Kiwi developments: new indices in, SSA limits out. Treasury changes: states and AOFM respond positively. Austraclear returns: IPA market players react.

Intermediaries controlling the flow: just a handful of banks have successfully brought deals to market in 2008. The new world order for credit markets: TCorp CEO on structural changes. 'Aussiemac': would government support revive the RMBS market and would this threaten Kangaroos? Investigating the indices: fixed income benchmark indices are under the microscope in both Australia and New Zealand.

Kangaroo, Kauri and Maple markets: an in-depth comparison. While issuance volumes in the Kangaroo and Kauri bond markets have been relatively more healthy than in the Maple bond market, all deals in the Antipodean markets have come from triple-A rated SSAs. In contrast, FIs have contined to access the Canadian market, albeit in lower volumes than in the past. Sponsored by RBC Capital Markets.

 

Speed-meeting Summit special issue. Market participants meet in Sydney and Auckland to discuss teh unprecedented trans-Tasman market conditions. Australian investors on managing portfolios in the new environment.

Investors are steering the bond market ship. Domestic bid increases for Kangaroo deals. Triple-A run continues in Kangaroo and Kauri markets. Kiwi investors divided on Kauri market outlook.

Outlook for Kangaroo hybrids. In-depth look at factors that will influence the basis swap in 2008. Funding strategies of five agency issuers revealed. Supras and agencies dominate January issuance. Strong start for domestic and Kangaroo bond markets.

KangaNews Awards methodology
Since their inception at the end of 2007, KangaNews’s annual awards have been the only laurels given to participants in the Australasian debt markets based purely on peer votes. We do not employ an awards committee or ask for reams of supporting documentation for submissions. Instead, we conduct a thorough and intensive polling of debt market users in Australia and New Zealand.

Issuers, investors and intermediaries are invited to vote for the best houses, deals and intermediaries in the year, on a confidential basis. In 2011 more than 200 market participant firms submitted their votes for the winners of the KangaNews awards. Because of the broad input from genuine market participants, KangaNews is confident that its annual awards are the best and fairest recognition of excellence that exists in the Australasian debt markets.

KangaNews Gala Awards Dinner: March 21 2012
Market participants are invited to celebrate the best houses, issuers, deals and personalities in the Australian and New Zealand markets at a Gala Awards Dinner to be held at the Hilton Hotel in Sydney on March 21 2012. Tables for the dinner will go on sale soon. To register your interest or to make an advance booking please email Brydie Wright: This email address is being protected from spambots. You need JavaScript enabled to view it.

AUSTRALIAN MARKET AWARDS 2011

HOUSE AWARDS

Australian Domestic Primary Market House of the Year
ANZ

Australian Domestic Secondary Market House of the Year
ANZ

Australian Domestic Sovereign/Agency House of the Year
UBS Investment Bank

Kangaroo Primary Market House of the Year
RBC Capital Markets

Kangaroo Secondary Market House of the Year
TD Securities

Australian Securitisation House of the Year
Westpac Institutional Bank

Syndicated Loan House of the Year
Westpac Banking Corporation

Offshore Bond House of the Year
J.P.Morgan

FX/Derivatives House of the Year
Deutsche Bank

Debt Research House of the Year
Commonwealth Bank of Australia

Law Firm of the Year
Mallesons Stephen Jaques

Rating Agency of the Year
Standard & Poor’s

DEAL AWARDS

Australian Sovereign/Agency Bond Deal of the Year
Australian Office of Financial Management
A$3.26 billion 4.75% April 2027
Joint lead managers: Citi, Deutsche Bank, UBS Investment Bank

Australian Financial Institution Bond Deal of the Year
Lloyds TSB Bank Australia Branch
A$750 million 7.5% October 2014
A$1.1 billion October 2014 FRN
Joint lead managers: ANZ, J.P.Morgan, National Australia Bank, Royal Bank of Scotland Australia

Australian Domestic Corporate Bond Deal of the Year
Woolworths
A$500 million 6.75% March 2016
Joint lead managers: ANZ, Westpac Institutional Bank

Kangaroo Supranational, Sovereign and Agency Bond Deal of the Year
International Finance Corporation
A$1.25 billion 5% August 2016
A$250 million August 2016 FRN
Joint lead managers: ANZ, Commonwealth Bank of Australia, Westpac Institutional Bank

Kangaroo Financial Institution Bond Deal of the Year
Goldman Sachs
A$750 million 7.75% November 2016
A$500 million November 2016 FRN
Joint lead managers: ANZ, Commonwealth Bank of Australia, Goldman Sachs, National Australia Bank, Westpac Institutional Bank

Securitisation Deal of the Year
Commonwealth Bank of Australia
A$3 billion Medallion Trust Series 2011-1
Lead manager: Commonwealth Bank of Australia

US Public Bond Deal of the Year
Asciano
US$750 million 5% April 2018
US$250 million 6% April 2023
Joint lead managers: J.P.Morgan, Morgan Stanley, Royal Bank of Scotland Australia

Offshore Ex-US Bond Deal of the Year
Telstra Corporation
€750 million 3.75% May 2022
Joint lead managers: BNP Paribas, Deutsche Bank, HSBC

US Private Placement Bond Deal of the Year
Melbourne Airport
US$200 million 4.47% September 2021
US$200 million 4.57% September 2023
US$200 million 4.77% September 2026
Joint lead managers: Commonwealth Bank of Australia, National Australia Bank

Syndicated Loan Deal of the Year
APA Group
A$1.45 billion 2013, 2015 and 2016
Mandated lead arrangers: ANZ, Commonwealth Bank of Australia, Westpac Banking Corporation

ISSUER AWARDS

Australian Sovereign/Agency Issuer of the Year
New South Wales Treasury Corporation

Australian Financial Institution Issuer of the Year
ANZ Banking Group

Australian Corporate Issuer of the Year
Wesfarmers

Australian Securitisation Issuer of the Year
Westpac Banking Corporation

Kangaroo Issuer of the Year
World Bank

INDIVIDUAL AWARDS

Australian Financial Institution Treasurer of the Year
Lyn Cobley
Commonwealth Bank of Australia

Australian Corporate Treasurer of the Year
Asrar Rahman
Woolworths

Australian Intermediary of the Year
Tim Galt
UBS Investment Bank

Kangaroo Intermediary of the Year
Enrico Massi
RBC Capital Markets

Australian Achievement Award
Michael Bath
Australian Office of Financial Management

Kangaroo Achievement Award
Wojtek Niebrzydowski
Canadian Imperial Bank of Commerce

NEW ZEALAND MARKET AWARDS 2011

New Zealand Domestic Bond House of the Year
ANZ

Kauri Bond House of the Year
ANZ

New Zealand Domestic Bond Deal of the Year
Auckland International Airport
NZ$100 million 5.47% October 2017
Lead manager: BNZ

Kauri Bond Deal of the Year
World Bank
NZ$300 million 4.5% August 2016
Joint lead managers: ANZ, TD Securities

New Zealand Domestic Issuer of the Year
Bank of New Zealand

Kauri Issuer of the Year
International Finance Corporation

New Zealand Treasurer of the Year
Mark Butcher
Auckland Council

New Zealand Achievement Award
Paul Anderson, Eugene Bowden, Mark Butcher, Hugo Ellis, Stuart Henderson, Craig Stobo, Matthew Walker
Local Government Funding Agency Establishment Board