The future of interbank offered rates (IBORs) is under question globally. While Australia’s rate appears to stand a better chance of survival than many of its global peers, local market participants cannot afford to be complacent in a rapidly evolving environment. IBOR transition was explored in depth at the KangaNews Debt Capital Markets Summit 2019, including in a panel discussion featuring leading local and international experts.
At the end of the third quarter of a tumultuous year for global markets, Yuriy Popovych, director, syndicate at TD Securities in Singapore, casts an eye over the global supranational, sovereign and agency (SSA) funding sector and discusses the trends shaping it.
The bank treasury function typically remains a male-dominated realm globally – especially at executive level. TD Bank (TD)’s Toronto-based executive vice president, treasury, corporate development and strategic sourcing, Barbara Hooper, is an exception, providing the bank with experience and perspective on treasury, leadership and diversity that few other global institutions can count on.
World Bank’s latest New Zealand dollar transaction is the largest-ever Kauri deal with tenor longer than five years. With rates continuing to head lower in New Zealand, investor appetite for longer-tenor deals is apparent and matched World Bank’s desire to fund further out on the curve.