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.
ACT planning syndicated dual-tranche transaction
On 6 April, Australian Capital Territory (ACT) (AAA by S&P) revealed plans for a potential Australian dollar denominated, syndicated, dual-tranche transaction. Alongside an increase of the May 2029 line, the offer consists of a new three-year bullet, fixed-rate benchmark or a tap of the May 2024 maturity. ANZ, Deutsche Bank, UBS and Westpac Institutional Bank are leading.
TCorp reopens primary market amid COVID-19 crisis
New South Wales Treasury Corporation (TCorp) printed the first benchmark transaction in the Australian public market since the coronavirus pandemic escalated. Deal sources say investor engagement was critical for price discovery in a dislocated and volatile environment.
TD Bank prints A$1.25 billion three-year covered bond
TD Bank launches three-year domestic covered bond deal
On 3 April, Toronto-Dominion Bank (TD Bank) launched a new three-year, Australian dollar denominated, floating-rate note, covered bond transaction. The forthcoming deal, which is expected to price on the day of launch, has indicative price guidance of 125 basis points area over three-month bank bills.
CIBC Sydney prices A$600 million three-year covered bond
investing with impact Yearbook 2019
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