On 18 September, Korea Southern Power (Aa2/AA-) mandated BNP Paribas, HSBC and Nomura to arrange a series of investor meetings in Asia and Australia in the week beginning 26 September, regarding a potential mid-curve Kangaroo transaction.
Origin Energy (Origin) returned to the euro market for the first time since 2014, on 5 September, with a deal that highlighted European investors’ appetite for duration and for issuers with clearly articulated environmental, social and governance (ESG) strategies. Deal sources say the euros market remains highly globally competitive for corporate issuance.
On 27 August, Pacific National (BBB-/BBB-) revealed plans for a potential 10-year, benchmark Reg S deal, to be denominated in Australian dollars, sterling or US dollars. BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, MUFG Securities and National Australia Bank have been mandated to arrange a series of investor meetings across Australia, Asia and the United Kingdom in the week beginning 2 September.
Global leaders in the green, social and sustainablility (GSS) bond space are acutely aware of the core goal of the asset class: to drive capital into sustainable assets and thus help reshape the world economy. A debate is raging about how best to bring more participants into the environmental, social and governance (ESG) investment world – all while the climate-change clock is ticking.
BNP Paribas and KangaNews convened their longstanding roundtable for corporate issuers in Sydney in July. Participants share a detailed view of a global market in which liquidity continues to outstrip credit supply by a significant margin – and where issuers hold the whip hand as a consequence. There are still challenges for responsible issuers, however.