Scentre Group

Wednesday, 23 September 2020

Scentre’s capital deal supports long-term outlook

Scentre Group says its blockbuster subordinated-debt deal in the US dollar 144A market is part of an ongoing capital-management programme in the wake of the COVID-19 crisis, supporting its long-term credit rating and providing significant financial flexibility. The transaction was met by substantial international demand, deal sources add.

Thursday, 16 July 2020
Jun/Jul 2020

Corporates find more crisis funding options

The economy-wide impact of COVID-19 has affected Australian corporate borrowers in a host of ways. But access to funds has generally remained in place as issuers navigate a path back to some type of normality – even for those in the most affected sectors.

Friday, 22 May 2020

Shoppers and investors returning for Scentre

The cautious but early emergence of Australia and New Zealand from the COVID-19 crisis enabled Scentre Group to convey a positive forecast to debt investors in its recent US dollar deal. The result, deal sources say, was an endorsement for the company and for the prospects of antipodean economic recovery.

Wednesday, 17 July 2019
Jun/Jul 2019

Corporate issuers in a global credit bull market

BNP Paribas and KangaNews convened their longstanding roundtable for corporate issuers in Sydney in July. Participants share a detailed view of a global market in which liquidity continues to outstrip credit supply by a significant margin – and where issuers hold the whip hand as a consequence. There are still challenges for responsible issuers, however.

Tuesday, 26 March 2019
Apr/May 2019

Euro market to the fore for Australian corporates as demand rallies

Two Australian corporate borrowers accessed the euro market in the week beginning 18 March. Deal sources say Telstra Corporation (Telstra) and Scentre Group (Scentre) took advantage of the euro’s current status as the most competitive global funding option for Australian issuers to price 10-year deals, each with negative new-issue concessions.

Monday, 09 April 2018

Scentre navigates volatile backdrop to open its 2018 account in euros

In the wake of the first euro-denominated Australian-origin nonfinancial corporate transaction of 2018, issuer and lead managers share in-depth insights into execution strategy in arguably the most volatile global backdrop seen in several years. Flexibility is key, and execution certainty should be the most pertinent consideration for issuers as the balance of power shifts back to investors.

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