Kanga.Trends
Kangaroos: record issuance in January.
QTC’s record A$4bn 2014 in unguaranteed format.
APRA delays APS210.
IWT removal and inflation-linked demand as AOFM and TCorp return.
Aussie big four banks: offshore funding in January tops Kangaroo volume.
Rabobank first to issue in the AUD domestic market in 2010.
Aussie smaller banks: still funding with the government guarantee.
Westpac RMBS deal ends 2009 on a positive note.
RMBS confidence continues in 2010 with AMP Bank deal.
ADB prices first Kauri of 2010.
NZ: Canterbury Uni ends busy year in 2009, while the new year opens with three deals pending.
Feature: The retail awakening
A pair of papers released either side of the turn of the year has demonstrated a regulatory and political will to kick-start Australia’s anaemic retail bond market. But while market participants welcome the intentions, they say making retail a consistent and cost-effective option for corporate funders will be no easy task.
Feature – part 1: The perfect imbalance
A wide basis swap and an outsized appetite for Aussie dollars globally is likely to increase AUD issuance via the Kangaroo, Eurobond and Uridashi markets over 2010. KangaNews assesses how the perfect imbalance for international issuers is driving offshore borrowing.
Feature: part 2: The cost of doing business
After a record year for offshore borrowing, the signs are that Australia’s banks may be able to take a more measured approach to international capital markets in 2010. But with funding requirements still running ahead of domestic capacity, the biggest banks and corporates will have no choice but to accept an unfavourable basis swap and get back on the road.
Kanga.Deals
Exclusive data and league tables on AUD, Kangaroo and Kauri deals priced in the year to January 31. |
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