Monday, 23 July 2018

FI issuance returns to Australian market with three years the focus

Benchmark financial institution (FI) issuance returned to the Australian domestic market in July, with a total of A$3.9 billion (US$2.9 billion) printed across a trio of public three-year deals. With market volatility limiting FI issuance in preceding weeks, deal sources say a build up in investor cash as well as issuer willingness to execute at investors’ preferred tenor drove the transactions.

Tuesday, 13 August 2019

World Bank prints A$50 million Bond-i Kangaroo tap

Tuesday, 13 August 2019

ING Australia’s second domestic covered-bond signals intent

ING Bank Australia (ING Australia) has issued its second domestic covered-bond transaction. The borrower tells KangaNews funding diversification was the primary driver but it aims to be a regular issuer in the format.

Wednesday, 07 August 2019

ADB launches new five-year Kangaroo deal

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new five-year, minimum A$300 million (US$200.8 million) Kangaroo bond on 7 August. The forthcoming transaction is being marketed at 35 basis points area over semi-quarterly swap, equivalent to 45 basis points area over Australian Commonwealth government bond.

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