Westpac

Tuesday, 22 January 2019
Dec/Jan 2018/19 IWI Supplement

Breaking new ground in New Zealand

In November 2018, the first-ever KangaNews-Westpac New Zealand Sustainable Finance Summit took place in Auckland. The event brought together participants from across the New Zealand capital market including corporate entities, institutional investors and government to enhance dialogue about market-led solutions to the challenges posed by transition to a sustainable environmental and social future.

Wednesday, 20 February 2019

Trustpower breaks unrated coupon floor with resetting deal

Trustpower kicked off New Zealand corporate flow for 2019 with an outcome that sources insist carries over positive momentum from the previous year. It is the first New Zealand unrated corporate deal to break a 4 per cent coupon floor, using the 10-year resetting structure which gained in popularity late in 2018.

Wednesday, 20 February 2019

BNP Paribas launches five-year senior nonpreferred EMTN deal

On 21 February, BNP Paribas (A/Aa3/A+) launched a benchmark five-year, Australian dollar denominated senior nonpreferred EMTN transaction, to come in either or both fixed- and floating-rate formats. The forthcoming deal has indicative price guidance of 175-180 basis points area over swap benchmarks and is expected to price on the day of launch.

Wednesday, 20 February 2019

McDonald’s plans inaugural Australian dollar benchmark deal

On 21 February, McDonald’s Corporation (McDonald’s) (BBB+/Baa1) revealed plans for an inaugural Australian dollar denominated benchmark transaction. ANZ, Mizuho Securities and Westpac Institutional Bank have been mandated as joint lead managers.

View all Westpac news