On 21 September, Shinhan Bank (A+/Aa3/A) launched a new five-year, Kangaroo, Covid-19 alleviation social-bond transaction, offered in either or both fixed- and floating-rate note formats. Indicative price guidance for the deal, which is expected to price on the day after launch, is 100 basis points area over swap benchmarks. J.P. Morgan, Mizuho Securities and National Australia Bank are leading.
The KangaNews Women in Capital Markets Survey (WICM Survey) is a centrepiece of the WICM Yearbook. Conducted in August, more than 150 women from across the Australian capital-markets landscape shared their views in response to a range of questions that highlight workplace gender diversity and the steps the industry can take to improve further.
Kiwibank says its credit growth is outstripping the incremental funding provided by central-bank facilities and deposit inflows, leading the borrower printing its inaugural Kangaroo covered bond on 16 September. Tim Main, Kiwibank’s Auckland-based treasurer, spoke to KangaNews about the deal.