MUFG

Tuesday, 03 December 2019

Cleaning up in the USPP market

Cleanaway Waste Management priced the tightest deal from an unrated Australian industrial issuer in the USPP market since the financial crisis with its recent transaction, placement agents say. The issuer undertook the deal to term out bank debt it took on following an acquisition in 2018 and it says further expansion is on the horizon.

Monday, 02 December 2019

Pepper announces potential SPARKZ ABS deal

On 2 December, Pepper Group (Pepper) mandated Bank of America, MUFG Securities, National Australia Bank, RBC Capital Markets, Societe Generale and Westpac Institutional Bank to engage investors regarding a potential auto and equipment asset-backed securities (ABS) deal from its SPARKZ programme. Subject to market conditions, the transaction is expected to launch in early 2020.

Tuesday, 03 December 2019

KangaNews Awards 2019: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.

Sunday, 10 November 2019

Effective debut for Coles boosted by robust 10-year demand

Deal sources say Coles Group (Coles) was able to include a 10-year tranche in its first deal since demerging from Wesfarmers on the back of significant investor demand, while the issuer’s brand and deal preparation held it in good stead during a period of substantial deal flow.

Tuesday, 29 October 2019

Coles launches dual-tranche domestic benchmark transaction

On 29 October, Coles Group (Coles) (BBB+/Baa1) launched a new dual-tranche, Australian dollar denominated benchmark transaction. The forthcoming deal consists of seven-year and 10-year tranches, and is expected to price on the day after launch. Indicative price guidance for the tranches is, respectively, 125-130 and 150-155 basis points area over semi-quarterly swap.

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