Mizuho Securities and KangaNews hosted Japanese investors at a discussion focused on why they think demand for Australian dollar investments will continue.
On 22 March, Victoria Power Networks (VPN) (A-/S&P) began taking indications of interest for a new 10-year Australian dollar denominated domestic transaction. The potential deal is being marketed at 135 basis points area over semi-quarterly swap. ANZ, Commonwealth Bank of Australia and Mizuho Securities are joint lead managers.
On 7 March, Victoria Power Networks (VPN) (A-/S&P) revealed plans to meet investors in Hong Kong, Tokyo, Sydney and Melbourne regarding a potential 7-10-year Australian dollar denominated transaction. The meetings will commence on 13 March and are being arranged by ANZ, Commonwealth Bank of Australia and Mizuho Securities.
Australia’s proximity to and ever-increasing ties with investors in Asia is spinning off plenty of impacts in the debt markets, one of which is heightened issuer engagement with the US dollar Reg S market. Reg S has the potential to become a true pan-Asian benchmark funding option, market users say.