Online articles

  • Ahead of the pack

    Commonwealth Bank of Australia (CommBank) has established a dominant position in the KangaNews Fixed-Income Research poll over recent years. Following another stellar performance in 2017 (see p54), the CommBank analyst team talked to KangaNews about the nature of its role, how it thinks about the...
  • Australia in favour

    The Australian Securitisation Forum returned to London to host its annual investor seminar on 5 June. Speakers at the seminar, who included Australian issuers and international investors, discussed their outlook for Australian securitisation half-way through what has been a stellar year for new...
  • Australian credit around the world: part four – Australian investors

    The final instalment of the year-long project gauging the views of worldwide investors in Australasian credit product brought KangaNews and Westpac Institutional Bank (Westpac) back to Sydney in June. Participating investors discuss the local issues that are most pressing for them – including the...
  • Australian investors support long-dated deals despite shorter duration preference

    While Australia’s corporate market appears to be more willing than ever to engage with longer-dated supply, a plurality of domestic fund managers say they expect to shorten portfolio duration. Investors tell KangaNews the portfolio impact of longer-dated corporate supply can be managed, however –...
  • Cracking TLAC

    International banks are establishing a track record of issuing bonds compliant with their local rules on total loss-absorbing capacity (TLAC) denominated in Australian dollars – albeit outside the Australian domestic market. At the same time, market users in Australia are starting to wonder if the...
  • Global perspective

    In the 10th annual supranational, sovereign and agency (SSA) issuer and UK-based investor roundtable, hosted by ANZ and KangaNews in London on 21 June, issuers and investors talk about operating in uncertain times and how they manage geopolitical risk. Participants also discuss their views on...
  • KangaNews Fixed-Income Research Poll 2017: results announced

    KangaNews is pleased to present the results of its 2017 Fixed-Income Research Poll. This is the only independent, specialist poll of fixed-income investors' views on relevant research in the Australian market. This year marks the seventh consecutive year the poll has been running, and like the...
  • Market news

    Deal and issuer insights, market trends and more in a new bite-sized format.
  • Mezzanine funding model evolves as zipMoney reaches 400 investors

    The issuer and arranger of an innovative mezzanine warehouse-funding transaction say the deal demonstrates the burgeoning scale of demand for higher-yielding securitisation notes. The A$40 million (US$30.2 million), class B tranche of zipMoney’s first securitisation warehouse facility was placed...
  • Queensland plays the long game

    The state of Queensland bucked the trend for much larger state funding requirements for the year ahead in its latest budget, delivered on 13 June. However, with the issuance task expected to rise again from 2018/19, the state government and Queensland Treasury Corporation (QTC) say sticking to a...
  • Shifting sands

    Australia’s May-June budget season marked a change in direction for sovereign and semi-government bond issuance in the years ahead. While the aggregate funding task for the states is about to grow once more, the Commonwealth government finally produced a budget with a lower year-on-year issuance...
  • The levy breaks

    The Australian government’s new bank levy is a classic example of good politics and bad policy. Fashioning a narrative where it is anything other than a tax on perhaps the only sector of the economy less popular than the government requires some serious mental gymnastics.
  • Victoria: no secrets

    The state of Victoria is at the forefront of the general uptick in Australian semi-government issuance, as it exits a phase of state asset transactions and enters one of major infrastructure investment. The state’s treasurer and its funding agency, Treasury Corporation of Victoria (TCV), talk to...
  • Winners' words: New Zealand treasury executive and achievement awards

    Continuing the series of interviews with winners of the individual categories in the KangaNews Awards 2016, KangaNews speaks to Mark Butcher, Auckland-based chief executive at the New Zealand Local Government Funding Agency (LGFA) and winner of the New Zealand Treasury Executive of the Year Award,...
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