Contact Energy
2023 year in review: New Zealand Kangaroos hop to Australian shores
Deals from New Zealand issuers in the Australian market revved up in a big way in 2023. There are a raft of reasons why the Kangaroo market should remain attractive to opportunistic New Zealand borrowers into 2024 – provided market fundamentals, including basis swap dynamics, are supportive.
2023 year in review: corporates slow to restock domestic market in 2023
Australian dollar corporate supply in 2023 was hampered by uncertainty amid a higher interest-rate environment and a lack of immediate funding need. This caused some issuers to hold off entirely, while others accessed more competitive offshore capital markets. But by year-end, early signs pointed to a more active 2024.
First Contact in Australian dollars as Kiwi corporate flow continues
Contact Energy says it has long-term plans to build out its presence in the Australian dollar market following a well-received Kangaroo green-bond debut. The issuer is the fourth New Zealand-based corporate name to print an Australian dollar transaction this year and the second in November.
Contact prints A$400 million seven-year green bond
Contact launches seven-year Australian dollar benchmark green bond
Contact starts taking IOIs for seven-year Australian dollar benchmark green bond
