Transurban
2023 year in review: corporates slow to restock domestic market in 2023
Australian dollar corporate supply in 2023 was hampered by uncertainty amid a higher interest-rate environment and a lack of immediate funding need. This caused some issuers to hold off entirely, while others accessed more competitive offshore capital markets. But by year-end, early signs pointed to a more active 2024.
Queensland infrastructure names hint at long-awaited corporate market delivery
Port of Brisbane and Transurban Queensland’s return to domestic issuance was greeted with solid book volumes and significant margin progression. Deal sources say the much-heralded late-year uptick in Australian dollar corporate deal flow could still eventuate though a changing market backdrop and the limited execution window could make corporate supply fall short of expectations once again.
Transurban Queensland prints A$250 million six-and-a-half-year fixed bond
Transurban Queensland taking IOIs for six-and-a-half-year benchmark fixed bond
Transurban Queensland mandates six-and-a-half year benchmark fixed bond
Trans Europe issuance express for corporate Australia
Tight new-issue concessions, ample liquidity, the availability of tenor and favourable cross-currency economics are among the drivers sending a host of Australian corporate names on a funding expedition to Europe in recent weeks, deal sources say. Three such deals priced and another two circling since mid-April have been the subject of comment in the European market and demonstrate the clear advantage euro issuance offers in the H1 corporate funding window.
