In 2017, KangaNews and Mizuho Securities hosted their first-ever roundtable discussion in Tokyo for Japanese investors in Australian dollar debt. A year later, a larger group of buy-side participants explain that, while the headwinds facing international participants in the Australian market are real, they are if anything engaged with a wider range of product than ever before.
Key data and information on 23 global bank issuers active in the Australian dollar market. The issuer section includes funding strategy information as well as corporate debt data on profiled borrowers.
BNG Bank (AAA/Aaa) launched an indicative A$60 million (US$44.2 million) increase to its July 2028 Kangaroo bond on 4 December. The forthcoming deal is being marketed at 46 basis points area over semi-quarterly swap, equivalent to 50.5 basis points area over Australian Commonwealth government bond, and will price on the same day as launch. Mizuho Securities is leading.
Late in the Sydney day on 8 November, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$72.5 million) increase to its June 2029 Kangaroo bond. The forthcoming transaction has indicative price guidance of 40 basis points area over semi-quarterly swap, equivalent to 50.75 basis points area over Australian Commonwealth government bond.