At the end of January, Westpac Institutional Bank – together with its joint-venture partner, Bank of America Merrill Lynch – and KangaNews hosted US private placement (USPP) issuers and investors at their annual roundtable in Miami. Investors discuss the market’s new-found willingness to look at shorter-dated paper, among a range of talking points.
The sixth annual corporate borrowers roundtable discussion hosted by BNP Paribas and KangaNews took place in December 2017, at the end of an interesting year for bond issuance by corporate Australia. Key corporate players discuss quantitative tapering (QT), regulation and what 2018 might bring.
KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.
Ausgrid Finance (Ausgrid)’s selection of the Australian dollar market for its first public bond deal makes sense in the context of the issuer’s likely call on this market going forward, deal sources say. The issuer says it achieved a good pricing outcome while exceeding volume expectations, supported by solid market fundamentals and good demand for infrastructure assets.
On 23 October, Ausgrid Finance (Ausgrid) (Baa1) launched a new, seven-year Australian dollar-denominated senior-secured bond. The forthcoming transaction, Ausgrid’s domestic debut, will be in either or both of fixed- and floating-rate format and has price guidance of 130 basis points area over swap benchmarks. Joint lead managers are Mizuho Securities, National Australia Bank and Westpac Institutional Bank.