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.
On 7 January, BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.3 million) increase to its April 2029 Kangaroo bond. The forthcoming deal, which is expected to price on the day of launch, is being marketed at 52 basis points area over semi-quarterly swap, equivalent to 48.75 basis points area over Australian Commonwealth government bond. Mizuho Securities is leading.
Key data and information on 24 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.
In November 2019, KangaNews spoke to bank funders from Asia, Australia, Europe, Japan and North America – all of them active in the Australian dollar market – about market conditions, executing more diverse funding plans, sustainable debt and the role of noncore currencies. The consensus is that issuance diversity will play a greater role now new regulatory capital settings are largely bedded in.