Kanga.Trends
Global investors told IWT changes will be official soon.
ANZ nets over A$1.6 billion with domestic and US hybrids.
TCorp taps linker.
Northern Territory taps 2013s.
Price convinces as Westpac back in Aussie domestic market.
Pricing gap as Rentenbank and KBN return to Kauri market.
CEB taps longest-dated Kauri.
New Zealand surprises with corporate bond deals.
Feature: Interesting times for triple-As
In 2008 triple-A rated supranationals, sovereigns and agencies were the only issuers of Kangaroo bonds and, until recently, the only issuers in New Zealand’s Kauri bond market. But as investors around the globe absorb the impact of government guarantees and other support mechanisms for banks, the triple-As’ dream run may moderate.
Feature: The missing linkers
It has become apparent that the global financial crisis will be long enough and hard enough to ensure the world that emerges on the other side will be radically different from the one that went in. With big question marks over the future performance of formerly-favoured asset classes, some investors now see inflation-linked securities as a likely major component of future asset allocations.
Feature: Dissecting the support packages
Despite the apparent robustness of the core banking sector in both countries, the Australian and New Zealand governments have matched the global trend for offering a raft of measures designed to insure against financial market meltdown. But with many of those still works in progress, it is possible they may radically reshape the investment environment for years to come.
Kanga.Deals
Exclusive data on domestic, Kangaroo and Kauri deals priced in the year to October 20.
League tables for AU Domestic, AU Domestic + Kangaroo, Kangaroo and Kauri bond markets.
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