Thursday, 05 July 2018
Jun/Jul 2018

Global high-grade debt as the world changes

While markets have remained liquid and tradeable throughout 2018, there can be little doubt that the period of almost unprecedented beneficial funding conditions that pervaded up to the end of 2017 has passed. At their annual global-markets roundtable in London in June, ANZ and KangaNews heard the latest thinking from key issuer and investor players.

Sunday, 05 April 2020

NZDM launches syndicated May 2031 tap

On 6 April, New Zealand Debt Management (NZDM) (AA+/Aaa/AA+) launched a minimum NZ$2 billion (US$1.2 billion) syndicated increase to its May 2031 line. Indicative price guidance for the forthcoming transaction, which is expected to price on the day after launch, is 32-37 basis points area over the April 2029 New Zealand government bond. ANZ, BNZ, Commonwealth Bank of Australia and UBS are joint lead managers.

Sunday, 05 April 2020

ACT planning syndicated dual-tranche transaction

On 6 April, Australian Capital Territory (ACT) (AAA by S&P) revealed plans for a potential Australian dollar denominated, syndicated, dual-tranche transaction. Alongside an increase of the May 2029 line, the offer consists of a new three-year bullet, fixed-rate benchmark or a tap of the May 2024 maturity. ANZ, Deutsche Bank, UBS and Westpac Institutional Bank are leading.

Thursday, 02 April 2020

TD Bank launches three-year domestic covered bond deal

On 3 April, Toronto-Dominion Bank (TD Bank) launched a new three-year, Australian dollar denominated, floating-rate note, covered bond transaction. The forthcoming deal, which is expected to price on the day of launch, has indicative price guidance of 125 basis points area over three-month bank bills.

Thursday, 02 April 2020

NZDM gets set for May 2031 syndicated tap

On 3 April, New Zealand Debt Management (NZDM) (AA+/Aaa/AA+) mandated ANZ, BNZ, Commonwealth Bank and UBS for a syndicated tap of its May 2031 bond. The deal is expected to launch in the week beginning 6 April.

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