Kanga.Trends
TCorp increases linker capacity.
QTC issues another domestic benchmark.
TCV’s new 2011s.
SSA Kangaroo activity still strong with deals from EUROFIMA, KfW, Kommunalbanken Norway, World Bank and Asian Development Bank.
ANZ kicks off domestic benchmark market.
ME Bank issues government-guaranteed two-tranche 2014s.
ANZ issues Samurai.
ING Australia caps guaranteed deal at A$2bn.
AOFM names five issuers for serial RMBS investment.
Credit Union Australia deal reveals price consistency in RMBS market.
Bank of Queensland’s funding diversity with RMBS trade.
Kauri market stirring with deals from EIB, World Bank and Nordic Investment Bank.
New Zealand domestic market powers ahead with deals announced from TrustPower, Meridian Energy and Mighty River Power.
Feature: Flying solo
Following just over a year of record issuance under the government guarantee, Australian banks will have to live without state support from the end of March. While smaller local banks and subsidiaries of international operations look set to face challenges in replacing guaranteed funding, the real questions will come down the track when serious guaranteed maturities start to kick in.
Feature: Toughening up
IOSCO’s standards on transparency, disclosure and aligning issuer and investor interests in unregulated markets are set to transform the global securitisation business. This tough new approach will inevitably impact the Australian issuer landscape, with some market participants concerned that the need for international consistency will mean Aussie firms will pay a price for the past sins of their international peers.
Feature: Carpe diem for corporates
Despite an improved year for issuance in 2009, for Australia’s corporate borrowers the domestic bond market is still the poor relation of both its US equivalent and the local loans universe. With myriad moving parts in place it is difficult to tell whether Australia is seeing solid progress or missing a window of opportunity.
Kanga.Deals
Exclusive data and league tables on AU domestic and Kangaroo deals priced in the year to March 1. |
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