Macquarie University taking indications of interest for 10.5-year domestic sustainability bond
- Thursday, 07 November 2019
On 7 November, Macquarie University (Aa2) began taking indications of interest for a potential 10.5-year, Australian dollar denominated sustainability bond transaction. Initial price guidance for the deal is 95-100 basis points area over semi-quarterly swap. The transaction is expected to launch in the near future, according to National Australia Bank.
Related news
Sydney Airport the latest domino to fall as Australia’s corporate market proves its mettle
Sydney Airport’s largest-ever transaction in the Australian dollar market – which is also its first public domestic deal since 2011 – provides another sign of growing corporate borrower confidence in the local funding option. The chance to access extended tenor at volume in line with a global core market benchmark print clearly moved the dial for an issuer that has historically been wary of the reliability of domestic issuance.
Adelaide Airport rekindles investor relations in domestic return as it hits funding turning point
Following its first Australian dollar deal in seven years, Adelaide Airport says re-engaging with the local investor base was a top priority as it embarks on a new capex plan and plans for upcoming maturities. While issuance has slowed since a hectic end to Q1, the deal book demonstrates ongoing robust demand for Australian dollar corporate credit.