Online articles

  • APRA announcement bolsters demand for Westpac’s senior deal

    The Australian Prudential Regulation Authority (APRA)’s proposals regarding total loss-absorbing capital (TLAC) for Australian banks were a key factor driving robust demand for Westpac Banking Corporation (Westpac)’s record-breaking senior deal, the issuer says. The announcement may ultimately...
  • Better days for Australian securitisation

    The Australian securitisation market is arguably in its best shape since the financial crisis – at least in the sense of the robustness of market infrastructure and diversity of participants on the issuer and investor sides. In November, a record number of delegates gathered in Sydney at...
  • CommBank comes home happy after Australia’s first date with SONIA

    Commonwealth Bank of Australia (CommBank) has printed the first Australian-origin transaction to reference an alternative benchmark rate. The bank issued £125 million (US$158.8 million) of one-year notes on 3 December at 40 basis points over the sterling overnight index average (SONIA), via RBC...
  • Enduring appeal

    The US private placement (USPP) market has arguably been the preferred bond-funding option for Australian corporate borrowers for many years. Market participants acknowledge Australian issuers’ closer ties to USPP than credits from comparable jurisdictions, and say demand evolution in the US means...
  • False start?

    Australian banks have been waiting for a local interpretation of total loss-absorbing capacity (TLAC) rules for a matter of years. The first concrete proposal on how a future regime could look takes an approach that would be unique to Australia. But the advantages of striking out alone have not...
  • Get ready now for major hedging changes, regulators warn

    Australian regulators and global industry participants have warned market users not to delay preparations for sweeping changes to international hedging markets. Meanwhile, although Australia’s bank-bill swap rate (BBSW) has survived the cull of global interbank offered rates (IBORs), local...
  • KangaNews Awards 2018: magazine coverage

    KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and...
  • KangaNews Awards 2018: winners announced

    KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New...
  • Reviewing a year of renewed risk and reading the runes for 2019

    In late November 2018, KangaNews hosted its annual roundtable discussion for Australian fixed-income strategists. At the end of a turbulent year for markets and geopolitics, the discussion was unusually wide-ranging – taking in factors as diverse as the long-term status of the US dollar as global...
  • Tier-two the focus of APRA’s first announcement on “ALAC”

    Australia’s big-four banks could triple their issuance of tier-two instruments to meet the local equivalent of a total loss-absorbing capacity (TLAC) regime, according to the Australian Prudential Regulation Authority (APRA). The Australian regulator proposed an updated capital-adequacy regime on...
  • Unlocking Asia’s potential for Australian issuance

    The growth in institutional assets under management in Asia has been phenomenal. But Australian issuers are still relatively underrepresented in the region. KangaNews and Westpac Institutional Bank brought a group of major Asian buy-side accounts together in Hong Kong to discuss their desire for...
KangaNews issues