2010 April

Kanga.Trends
TCorp issues new 2016s.
SSA Kangaroo activity continues apace with deals from IADB, IFC, KfW, Council of Europe Development Bank and EIB.
Kangaroo FI return: JPMorgan and HSBC.
Domestic bank deals from Heritage, CBA, ING, Investec, NWM, Credit Suisse and BNP Paribas.
Corporate bond market picks up steam with deals from Transurban, SP Ausnet and Mirvac, while Adelaide Airport announces structured transaction.
RMBS demand strong with deals from ME Bank, Bendigo-Adelaide and Macquarie Securitisation.
CFS reopens CMBS market.
KiwiBank to issue T1s.
More corporate activity in New Zealand with The Warehouse Group deal.

Feature: Fine-tuning asset allocation
With the immediacy of the global financial crisis ebbing, consultants and fund managers are fine-tuning asset allocation to reflect new ideas about risk – particularly eurozone sovereign risk – and correlation. Meanwhile, the government is taking a wrench to the superannuation system in an effort to avoid a repeat of the catastrophic losses of 2008.

Feature: Green shoots in the land of the long white cloud
With the country emerging from recession at a reasonable pace and reasons to hope for further progress in its debt market, New Zealand’s investors are cautiously positive on future prospects. At the ANZ/KangaNews Issuer and Investor Forum in Wellington on March 11, all sides of the market met to discuss an environment with myriad changes afoot.

Co-published article: Inflation: back on the map
In early March Deutsche Bank hosted its annual inflation conference in Sydney and Melbourne. Keynote speakers emphasised a variety of factors in the uncertain post-crisis world that are putting inflation right back on the list of potential pitfalls.

Roundtable discussion: US private placement market: the buy-side perspective
Fourteen of the biggest US private placement investors discuss the prospects for the market, the reasons they like Australian credits, their preferences regarding execution, and the growing importance of secondary market liquidity.

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 March 23.