MUFG

Wednesday, 26 February 2020
Feb/Mar 2020

USPP investors acknowledge competition – but issuers stay loyal

The US private placement market has arguably been the first choice for Australasian corporates’ capital-markets funding for many years. At a roundtable KangaNews and MUFG Securities hosted in Miami in January, USPP investors say they are aware that other funding options – including the Australian domestic market – are increasingly able to offer execution certainty, including at extended tenor. But they say USPPs still offer a compelling value proposition – and many Australia and New Zealand borrowers agree.

Tuesday, 26 March 2024

VWFS preparing new auto ABS

Monday, 18 March 2024

USPP forced to fight for its share but dealers back its relative appeal

The first few months of 2024 demonstrated there is ample appetite for high-quality corporate credit across global markets – including in Australian dollars, where new issuance has reached a record level. Market sources say US private placement investors are as keen as ever to access Australian-origin issuers. The question is whether those issuers will be willing to look beyond the domestic value proposition.

Thursday, 07 March 2024

ESG nuance works for Aurizon Network in domestic market return

In pursuit of maintaining its domestic bond curve, Aurizon Network returned to the Australian dollar market for the first time in four years. The issuer reveals that the deal enjoyed abundant demand – which it ascribes to emerging understanding of nuance in sustainability as well as the ongoing positive backdrop for credit supply.

Monday, 04 March 2024

Aurizon launches 7.5-year bond

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