Kanga.Trends
APRA proposals could radically cut ADIs’ liquid asset options
TCV issues its first bookbuilt benchmark
Kangaroo issuance nears 2008 volume with deals from EIB, CEB, Rentenbank and KfW
FIs appeal to domestic demand: deals from WestLB, Suncorp-Metway, CBA and NAB
Aussie banks cashing in as end of guaranteed era approaches
Signs of life in ABS market: transactions from Suncorp-Metway, Greater Building Society, Macquarie
CountryWide, ME Bank and CNH Capital Australia
NZ$500m raised in one week from three Kiwi banks – ASB Bank, ANZ National and Bank of New Zealand
Kauri spreads rally with Rentenbank’s new 2014 pricing
Roundtable discussion: Australasian frequent borrowers in the international capital markets
On September 23 a group of Australasia’s heavyweight sovereign and agency issuers, as well as one of the big four banks and the biggest Kangaroo issuer, met in London to discuss their economies and individual credits with European investors. The discussion, sponsored by Westpac Institutional Bank, reveals that investors welcome the diversity of issuance from these borrowers and recognise the strength of the Australian economy.
Feature: Interest inflating
The return of the Commonwealth government as an issuer in the inflation-linked bond market could be the spur needed to turn the sector into a key Australian asset class. Market participants say offshore inflation buyers, who have ignored the minimal supply of Australian product for years, are ready to return, with the local bid expected to follow.
Feature: The long road back
With a healthy clutch of deals and a notable improvement in cross-market communications since earlier this year, the Australian corporate bond market appears to be heading in the right direction. But market participants say some treasurers are still reluctant to commit to domestic public funding, despite the appetite for credit.
Feature: German lessons
Germany was taught some harsh lessons in the years leading up to the global financial crisis. The question now is how well the key participants in the agency, Landesbank and covered bond sectors have learned them.
Kanga.Deals
Exclusive data and league tables on AUD and Kangaroo deals priced in the year to September 28. |
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