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.
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.
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.
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.
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.