Kanga.Trends
Semi-government deals from TCorp, QTC and NTTC.
SSA Kangaroos from ADB, Rentenbank, EIB, World Bank, CEB, KfW and NIB.
Australian banks’ guaranteed issuance tops US$130 billion as guarantee scheme ends.
NAB prints A$1.5 billion.
ALE brings first retail deal of 2010.
Tight pricing on Adelaide Airport replacement offer.
Dexus buyback and new issue.
AMP Capital Shopping Centre Fund well received by domestic investors.
Telstra: setting the record straight on onshore and offshore covenants.
IMB and Bankwest issue RMBS.
CNH Capital issues first equipment ABS of 2010.
NZDMO closer to inflation-linked return as demand grows with Transpower deal.
Feature: The broken throne
A global investment community rendered extremely cautious by the carnage of recent years is inevitably nervous about the vast weight of debt being taken on by developed world sovereigns. But in an environment where nothing seems clear, except that the old verities no longer apply, it is difficult to tell whether sovereign risk is another temporary pain or the next crisis in waiting.
Roundtable discussion: Encouraging corporate Australia
Commonwealth Bank of Australia brought together some of Australia’s top fixed income fund managers to discuss developments in the domestic corporate bond market. Investors report strong appetite for diversity and tenor and remain perplexed that many corporates still seem to prefer going offshore for their medium-term funding.
Feature: Fierce competition
The tension between regulation and competition is exemplified in the debate over the appropriateness of covered bond legislation for the Australian market. KangaNews examines this delicate balance and the extent to which the new product can deliver competition.
Feature: The floating Kangaroos
With substantial demand coming from a small group of buyers, floating rate notes have offered an opportunity for a clutch of less frequent borrowers to bring Kangaroo deals in recent months. With its niche investor base, whether the asset class will prove long-lived remains to be seen.
Kanga.Deals
Exclusive data and league tables for Australian and New Zealand domestic as well as Kangaroo and Kauri deals priced in the year to April 23. |
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