Westpac
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.
Pricing details on BNP Paribas’s dual-tranche senior nonpreferred five-year EMTN
Pepper prices Australian dollar tranches of PRS 23 RMBS deal
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.
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.
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.
Financial institution issuers yearbook 2018.
The first annual guide to global financial-institution issuers.
investing with impact Yearbook 2018
KangaNews's latest supplement focusing on sustainability in the Australian fixed-income market.