In the second of two roundtables exploring corporate sectors on the front line of the COVID-19 crisis, in November 2020 KangaNews and Westpac Institutional Bank hosted issuers and analysts from the Australian REIT sector to talk about pandemic fallout. The conversation covered crisis response and the new shape of the sector in future, including the likely impact on individual property categories.
On 25 February, Newcastle Permanent Building Society (NPBS) (BBB/A3) launched a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction. Indicative price guidance for the deal is 65 basis points area over three-month bank bills and is expected to price on the day of launch.
In its debut issuance, Charter Hall LWR printed the tightest spreads for seven- and 10-year tenors by a triple-B rated corporate since at least the financial crisis. Lead managers say conditions remain well set for corporate borrowers planning to issue debt in Australia.
On 24 February, Eclipx Group revealed plans to engage investors in the week beginning 1 March regarding a potential asset-backed securities (ABS) transaction from its FP Turbo programme. ANZ is arranger and lead manager alongside Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.
Newcastle Permanent Building Society (NPBS) (BBB/A3) revealed plans for a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction on 24 February. ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank are leading.
On 24 February, Svenska Handelsbanken (AA-/Aa2/AA) launched a new five-year, senior-preferred, Kangaroo, benchmark transaction. Offered in either or both fixed- and floating-rate note formats, indicative price guidance for the deal is 50 basis points area over swap benchmarks.
WOMEN IN CAPITAL MARKETS Yearbook 2020
KangaNews's first-ever yearbook amplifying female voices in the Australian capital market.
investing with impact Yearbook 2019
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