First Kauri deal of 2020 has market optimistic about more
Asian Development Bank (ADB)’s 15 January deal is a sign the Kauri market has returned with a willingness to price in line with global benchmarks, deal sources say.
ANZ takes advantage of thriving US market
ANZ Banking Group (ANZ) says it brought forward its recent tier-two transaction in the US to take advantage of strong market conditions at the start of the year.
Australian dollars at the back of the new-year queue for global borrowers
The Kangaroo supranational, sovereign and agency (SSA) market has started 2019 with a trickle rather than its usual flood and intermediaries say Australian dollar pricing has been uncompetitive compared with offshore markets. They report solid fundamental demand but say a supply uptick is unlikely until there is a shift in the basis swap and pricing expectations.
Overseas investors surprise with big bite of TCV issuance
Offshore bids made up a hefty chunk of the investor base for Treasury Corporation of Victoria (TCV)’s recent deal.
Contact SLL highlights New Zealand’s growing sustainable-finance options
Contact Energy (Contact)’s new sustainability-linked loan (SLL) incentivises improvements in areas such as corporate governance, stakeholder engagement and environmental impact. Participants in the deal believe that the SLL product will be applicable for a broad set of borrowers in New Zealand as it is elsewhere.