Deutsche Bank

Wednesday, 24 May 2017

Kangaroo SSA mid-curve flickers on positive demand notes

Mid-curve Kangaroo market pricing has swung back into a range that some global supranational, sovereign and agency (SSA) borrowers consider to be an acceptable premium for diversification purposes, market participants say. A recent-year issuance decline shows signs of having bottomed out – though it is yet to rebound – and market users say demand for the SSA product is steadily broadening.

Wednesday, 18 September 2019

AB InBev announces successful consent solicitation process for Australian dollar bonds

Anhesuer-Busch InBev (AB InBev), through its subsidiary FBG Finance, announced the results of the consent solicitation process for its outstanding Kangaroo bonds on 18 September. Bondholders granted approval for the company to substitute the existing issuer name with a new one, AB InBev Worldwide, and the consequent removal of the new issuer as a guarantor of the notes as a result of the divestiture of Carlton United Breweries by AB InBev.

Tuesday, 10 September 2019

Investor diversity next target for Latitude following ABS upsize

Latitude Finance Australia (Latitude) upsized its most recent master-trust asset-backed securities (ABS) transaction on the back of demand that was especially supportive for lower-rated notes, the issuer says. Its next goal is further to diversity its investor base, a task it hopes will be assisted by the increasing breadth of the Australian dollar securitisation market.

Tuesday, 10 September 2019

ADB prices new 2030 green Kangaroo

Thursday, 05 September 2019

SocGen prints A$700 million perpetual AT1 deal

Monday, 09 September 2019

ADB launches 10.5-year Kangaroo green bond

On 9 September, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new 10.5-year, Kangaroo green bond. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 43 basis points area over semi-quarterly swap, equivalent to 54.25 basis points area over Australian Commonwealth government bond. Deutsche Bank, Mizuho Securities and RBC Capital Markets are leading.

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