Shinhan Bank presents its Australian dollar social-bond case
Shinhan Bank’s Kangaroo COVID-19-alleviation social bond demonstrates the possibilities for issuers outside the government sector to issue in the format in Australian dollars, issuer and leads say. Deal sources add their view that demand was bolstered by the social overlay.
AOFM coasts through to another record-breaking deal
A rate call change that caused yields to plummet was not enough to stop Australian Office of Financial Management (AOFM) breaking its own record for Australian dollar transaction volume, for the fourth time this year. The issuer tells KangaNews orderbook composition illustrates market depth.
Women in Capital Markets Survey: signs of progress but more to be done at senior level
The KangaNews Women in Capital Markets Survey (WICM Survey) is a centrepiece of the WICM Yearbook. Conducted in August, more than 150 women from across the Australian capital-markets landscape shared their views in response to a range of questions that highlight workplace gender diversity and the steps the industry can take to improve further.
Scentre’s capital deal supports long-term outlook
Scentre Group says its blockbuster subordinated-debt deal in the US dollar 144A market is part of an ongoing capital-management programme in the wake of the COVID-19 crisis, supporting its long-term credit rating and providing significant financial flexibility. The transaction was met by substantial international demand, deal sources add.
Breakthrough for New Zealand duration as Auckland Council issues 30-year green bond
An expanded pool of eligible green-bond projects, including many long-dated assets, and New Zealand’s interest-rate environment provided the catalyst for Auckland Council to print a 30-year green-bond deal. The issuer says the tenor is an important development and the success of its transaction should encourage others to test the water at extended duration.