
Kanga.Trends Prefunding keeps TCorp’s 2010/11 requirement down. WATC announces 2010/11 funding as state releases strong budget. QTC announces slight year-on-year drop in funding target. Tasmania and SAFA budgets and funding plans. ACT returns to inflation market. Kangaroo deals from KfW, IADB, KBN and EIB. NAB and Westpac price domestic benchmarks. Telstra reopens domestic corporate bond market, Caterpillar follows. Sydney Airport places A$175m. AOFM unlikely to buy foreign currency RMBS tranches. ABS activity breaks the silence. AOFM gives RMBS boost with innovation on Suncorp deal. ME Bank prices first Aussie foreign currency RMBS since 2008. NZDMO tantalisingly close to inflation issuance following budget. Kiwi fund managers welcome BNZ’s covered bond debut. New Zealand councils lead deal flow. NZ RMBS market comes to life.
Feature: Capacity flux While the full renaissance of the corporate bond market in Australia remains more talked about than witnessed, syndicated loans continue to be the engine of the country’s corporate debt. Regulatory changes and a mammoth refinancing task ahead pose challenges, but loan providers are convinced there will be enough capacity to fund the economic revival.
Roundtable: High-grade issuers and international investors On June 23 a group of 13 supranational and agency issuers met in London to talk about the impact of volatility caused by the European sovereign debt crisis on their funding strategies and issuance activity. They were joined at the ANZ-sponsored roundtable discussion by three investors who share their views on managing investment strategy in volatile times.
Feature: High diving Short-term trading has long shaped the trajectory of the Australian dollar. But with Aussie dollar assets becoming more appealing to global rates investors, the question of whether long-term influences can override episodes of extreme volatility is becoming ever more important.
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 June 30. |
|
|