KangaNews Awards 2023: Market People of the Year
KangaNews has announced its Market People of the Year 2023, at the KangaNews Awards Gala Dinner in Sydney on 19 March. These are the individuals who voters in the KangaNews Awards 2023 believe went above and beyond to contribute to the development of the Australian and New Zealand debt markets. There are no restrictions on the firms, role or seniority of winners – voters were simply asked to consider who contributed most to the market in either or both 2023 specifically or across the span of a career.
USPP forced to fight for its share but dealers back its relative appeal
The first few months of 2024 demonstrated there is ample appetite for high-quality corporate credit across global markets – including in Australian dollars, where new issuance has reached a record level. Market sources say US private placement investors are as keen as ever to access Australian-origin issuers. The question is whether those issuers will be willing to look beyond the domestic value proposition.
New Zealand securitisation gets started as MTF returns
MTF opened the New Zealand dollar securitisation market for 2024 in what the issuer describes as a positive environment for structured finance issuance. A year since its last term deal, the borrower says loan origination determined the timing of market return but also suggests issuing first is a good way to ensure maximum support in New Zealand.
Financing Australia’s energy transition narrows focus on challenging areas
There is more to Australian energy transition than delivering a big volume of renewables generation capacity. Industry leaders suggest the faster than anticipated exit of coal is changing the focus of those responsible for delivering the transition, to areas that require particular technological or investment attention.
Another full, long-duration corporate book greets Stockland’s new deal
Stockland’s latest transaction in the domestic market was anchored by a jumbo cornerstone bid that accounted for more than half the deal. Even so, more than 50 investors supported the issuer’s decision to offer a 10-year transaction – a duration not achieved by a property-sector issuer in Australian dollars since 2021.