The domestic bond market has supported a steady flow of 10-year corporate deals in recent months. Dexus Finance (Dexus) is the latest corporate to have issued at this tenor domestically and the issuer says the ability consistently to price deals at the long end shifts its appetite for domestic-market deals significantly.
On 16 October, Origin Energy Finance (Origin) (BBB/Baa2) revealed plans for a potential eight-year domestic deal. ANZ, Citi and Commonwealth Bank of Australia have been mandated to arrange fixed-income investor meetings and calls in Australia and Asia commencing on 21 October.
On 14 October, Argosy Property (Argosy) launched a NZ$75-100 million (US$47.5-63.3 million), seven-year green-bond for New Zealand retail and institutional investors. The forthcoming deal is being marketed at 175-195 basis points area over mid-swap. Pricing is expected on 18 October, according ANZ which is arranger as well as joint lead manager alongside Forsyth Barr, Jarden Securities and Hobson Wealth Partners.
On 11 October, Argosy Property (Argosy) revealed plans for a NZ$75-100 million (US$47.4-63.2 million) seven-year green bond for New Zealand retail and institutional investors. Full details for the transaction are expected to be announced when the deal is launched in the week commencing 14 October. ANZ is arranger for the transaction and joint lead manager alongside Forsyth Barr, Jarden Securities and Hobson Wealth Partners.