On 4 December, University of Wollongong (UOW) (AA by S&P) revealed it is considering eight-year tenor in addition to a 20-year tranche for a potential Australian dollar denominated deal initially announced on 24 November. National Australia Bank is leading.
On 3 December, Avanti Finance (BB by S&P) launched a new A$25 million (US$18.5 million), four-year, Kangaroo transaction. The deal is being marketed with an indicative coupon of 5.75 per cent and is expected to price on the day of launch. National Australia Bank is leading.
Ampol became the latest Australian borrower to tap the hybrid debt market, on 30 November. The issuer says the transaction had been on the cards since late 2019 and that it drew strong support from an investor base that was largely familiar with issuance under its previous guise of Caltex Australia.