Citi
KangaNews Fixed-Income Research Poll 2020: results announced
KangaNews is pleased to announce the results of its 10th annual Fixed-Income Research Poll. The survey polls the opinions of institutional investors in the Australian fixed-income market on the research they receive across a range of sectors. This year’s results include a new winner in the coveted best overall provider category.
ALE prices A$150 million August 2024 FRN
APA prioritises volume in euro return as it refreshes debt strategy
APT Pipelines, the borrowing entity of APA Group, issued a multitranche deal in the euro and sterling markets on 9 March. The issuer says it was not fazed by ongoing rates volatility and its focus was the transaction’s ability to secure significantly lower cost of funds.
ALE launches A$150 million August 2024 benchmark FRN
After taking indications of interest earlier in the day, ALE Direct Property (Baa2), a subsidiary of ALE property group, launched a new A$150 million (US$116 million) capped, August 2024, floating-rate note (FRN), benchmark transaction on 17 March. Indicative price guidance for the forthcoming deal is 210 basis points area over semi-quarterly swap.
ALE starts marketing August 2024 benchmark FRN
On 17 March, ALE Direct Property Trust (Baa2), a subsidiary of ALE Property Group, began taking indications of interest for a new domestic, benchmark, floating-rate note (FRN) transaction maturing in August 2024. Initial price guidance is 220-230 basis points area over three-month bank bills.
ALE weighing up 3-5 year Australian dollar deal
On 9 March, ALE Direct Property Trust (Baa2), a subsidiary of ALE Property Group, mandated Citi, Goldman Sachs and National Australia Bank to arrange a series of investor calls beginning 11 March regarding a potential 3-5 year, Australian dollar denominated, floating-rate note transaction.
