Deutsche Bank
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.
Domestic focus smooths Latitude’s New Zealand ABS debut
The New Zealand securitisation market welcomed a new entrant on 6 December when Latitude Financial Services (Latitude) priced its inaugural New Zealand dollar asset-backed securities (ABS) deal. The deal’s domestic focus provided insulation from external market forces according to deal sources, who add that there is growing enthusiasm for securitised product among local buyers.
Latitude prices NZ$200 million debut New Zealand ABS deal
Latitude launches debut New Zealand dollar ABS deal
On 3 December, Latitude Financial Services (Latitude) launched its minimum NZ$200 million (US$138.2 million) asset-backed securities (ABS) deal, Latitude New Zealand Credit Card Master Trust (CCMT) Series 2018-1. Bank of America Merrill Lynch is arranger for the deal, and joint lead manager alongside Deutsche Bank and Westpac New Zealand.
Full pricing details on ING Groep’s A$575 million dual-tranche EMTN
Full pricing details on EUROFIMA’s A$50 million May 2029 Kangaroo tap
