KangaNews Awards 2020: institution and deal winners announced

KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2020. At the end of a tumultuous year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2020's most outstanding performers.

Since their inception at the end of 2007, the KangaNews Awards have been based purely on the votes of market participants. KangaNews does not employ an awards committee or ask for awards pitches. Instead, it conducts thorough and intensive polling of those involved in the Australian and New Zealand debt markets.

The majority of the KangaNews Awards are for longstanding categories, in many cases dating back to the first ever iteration of the process. There are a handful of new awards for 2020, noted below with a full description of what market participants were asked to consider when casting their votes.

The first KangaNews Awards 2020 announcement covers awards for institutions and transactions. The winners in the Market People of the Year category in 2020 will be announced in a special launch event at a later date.

The KangaNews Awards 2020

Australian market house awards

Australian market house awards

Australian Bond House of the Year
ANZ

Australian Rates House of the Year 
Commonwealth Bank of Australia

Australian Credit House of the Year 
ANZ

Australian Dollar SSA House of the Year
TD Securities

Australian Secondary Market House of the Year
ANZ

Australian Securitisation House of the Year
National Australia Bank

Global Coverage House of the Year – Rates
UBS
This new category recognises the house that has best covered Australian rates issuers in global markets in 2020, including Australian dollar and foreign-currency issuance. Voters were asked to nominate the house with the best international distribution and trading capabilities across global jurisdictions.

Global Coverage House of the Year – Credit
Citi
This new category recognises the house that has best covered Australian credit issuers in global markets in 2020. This includes arranging and distributing foreign-currency deals across markets and coverage of international investors in Australian dollar issuance. The category specifically excludes the US private placement market, which is covered in a separate award.

US Private Placement House of the Year
National Australia Bank

Australian Sustainability Debt House of the Year
ANZ

Australian Rates Fund Manager of the Year
Ardea Investment Management

Australian Credit Fund Manager of the Year
Macquarie Investment Management

Australian Sustainability Fund Manager of the Year
QIC

Australian Law Firm of the Year
King & Wood Mallesons

Australian Rating Agency of the Year
Moody’s Investors Service

Australian Rates Sector Rating Agency of the Year
S&P Global Ratings

Australian Credit Sector Rating Agency of the Year
Moody’s Investors Service

Australian Structured Finance Rating Agency of the Year
S&P Global Ratings

Australian Trustee of the Year
Perpetual Corporate Trust

Australian market deal awards

Australian market deal awards

Australian Dollar Rates Bond Deal of the Year
Australian Office of Financial Management 
A$15 billion 1.75% June 2051
Lead managers: ANZ, Commonwealth Bank of Australia, Deutsche Bank, J.P. Morgan, UBS

SSA Kangaroo Bond Deal of the Year
World Bank
A$1.1 billion 0.5% May 2026 & A$550 million 1.1% November 2030
Lead managers: ANZ, Nomura, RBC Capital Markets, TD Securities

Australian Sustainability Bond Deal of the Year
Lendlease Finance
A$500 million 3.4% October 2027 green bond
Lead managers: ANZ, Commonwealth Bank of Australia, HSBC, National Australia Bank, SMBC Nikko

Australian Dollar Financial Institution Bond Deal of the Year
ANZ Banking Group
A$1.25 billion 10.5NC5.5 tier-two SDG FRN 
Lead manager: ANZ

Australian Dollar Corporate Bond Deal of the Year
Qantas Airways 
A$500 million 5.25% September 2030
Lead managers: Citi, Commonwealth Bank of Australia, National Australia Bank, Westpac Institutional Bank

Australian Securitisation Deal of the Year 
Due to a tied vote and the contrasting merits of the deals concerned, two outstanding transactions are recognised in the KangaNews Awards 2020.

Brighte
A$190 million Brighte Green Trust 2020-1
Arranger and lead manager: National Australia Bank

La Trobe Financial
A$1.25 billion La Trobe Financial Capital Markets Trust 2020-1
Arranger: Macquarie Bank
Lead managers: Citi, Commonwealth Bank of Australia, HSBC, Macquarie Bank, National Australia Bank, Natixis

Australian Syndicated Loan Deal of the Year
Downer Group Finance
A$300 million 2023, A$400 million 2024, A$400 million 2025
& A$300 million 2026 sustainability-linked loan

Sustainability coordinators: BNP Paribas, HSBC
Mandated lead arrangers: ANZ, BNP Paribas, HSBC, Mizuho, SMBC Nikko

Australasian-Origin Offshore Financial Institution Bond Deal of the Year
Westpac Banking Corporation
US$1.5 billion 2.668% 15NC10 tier-two & 2.963% US$1 billion November 2040 tier-two
Lead managers: BofA Securities, Citi, Goldman Sachs, J.P. Morgan, Westpac Institutional Bank

Australasian-Origin Offshore Corporate Bond Deal of the Year
Scentre Group 
US$1.5 billion 4.75% 60NC6 hybrid & US$1.5 billion 5.125% 60NC10 hybrid
Structuring adviser: UBS
Lead managers: ANZ, BNP Paribas, Citi, Commonwealth Bank of Australia, HSBC, UBS

Australasian-Origin US Private Placement Deal of the Year
Sydney Airport Corporation
US$52 million 2035, €50 million 2035, A$220 million 2040, A$100 million 2040 sustainability-linked &
A$120 million 2045
Agents: MUFG Securities, National Australia Bank, Scotiabank

Australian market issuer awards

Australian market issuer awards

Australian Government-Sector Issuer of the Year
Australian Office of Financial Management

Kangaroo Issuer of the Year
World Bank

Australian Bank Issuer of the Year
ANZ Banking Group
Unlike deal of the year, this new award is designed to recognise the bank issuer which has most impressed the market in 2020. Although level of market activity should certainly be considered, and to win the award a bank must have issued in 2020, volume is not the only concern. Important factors are the issuer’s visibility and responsiveness to questions and issues, its debt investor relations approach, support for its existing deals and the performance of its paper in the open market.

Australian Nonbank Financial Institution Issuer of the Year
Firstmac
This new award is designed to recognise the nonbank financial institution issuer that most impressed the market in 2020. Although level of issuance activity should certainly be considered, and only firms that issued in 2020 can win the award, volume is not the only concern. Important factors are the issuer’s visibility and responsiveness to questions and issues, its debt investor relations approach, support for its existing deals and the performance of its paper in the open market.

Australian Corporate Issuer of the Year
AusNet Services

Australian Sustainability Issuer of the Year
ANZ Banking Group

Australian market innovation awards

Australian market innovation awards

Australian Innovative Deal of the Year 
Australian Unity
A$120 million perpetual mutual capital instrument
Financial adviser: Acacia Partners
Arrangers and lead managers: Acacia Partners, Morgans, National Australia Bank

Australian Market Innovation of the Year
The Australian Office of Financial Management's Forbearance Special-Purpose Vehicle
Awarded to the Australian Office of Financial Management and the following contributors:
Industry Partner: Australian Securitisation Forum
Adviser: King & Wood Mallesons
Adviser: Clayton Utz
Adviser: Eticore

New Zealand market awards

New Zealand market awards

New Zealand Domestic Bond House of the Year
ANZ

New Zealand Rates House of the Year
BNZ

New Zealand Credit House of the Year
Westpac Banking Corporation New Zealand Branch

Kauri House of the Year
ANZ

New Zealand Secondary Market House of the Year
BNZ

New Zealand Sustainability Debt House of the Year
Westpac Banking Corporation New Zealand Branch
The New Zealand Sustainability Debt House of the Year award recognises the intermediary firm that did most to promote sustainable finance in the New Zealand debt market in 2020. Involvement in deal flow was considered, but voters were also asked to recognise the firm that, in their opinion, best represented a holistic approach to sustainable finance across their interaction with it.

New Zealand Fund Management House of the Year
Harbour Asset Management

New Zealand Law Firm of the Year
Chapman Tripp

New Zealand Rating Agency of the Year
S&P Global Ratings

New Zealand Trustee of the Year
Guardian Trust

New Zealand Dollar Rates Bond Deal of the Year
Auckland Council
NZ$500 million 2.95% September 2050 green bond
Lead managers: ANZ, BNZ, Westpac Banking Corporation New Zealand Branch

New Zealand Dollar Credit Bond Deal of the Year 
Kiwibank
NZ$275 million 2.95% December 2030 tier-two
Arranger: Craigs Investment Partners
Lead managers: Craigs Investment Partners, Forsyth Barr, Jarden Securities

Kauri Bond Deal of the Year
World Bank
NZ$1 billion 0.75% June 2026 & NZ$300 million 1.25% December 2030
Joint lead managers: ANZ, BNZ, Commonwealth Bank

New Zealand Sustainability Deal of the Year
Auckland Council
NZ$500 million 2.95% September 2050 green bond
Lead managers: ANZ, BNZ, Westpac Banking Corporation New Zealand Branch

New Zealand Innovative Debt Deal of the Year
Kāinga Ora – Homes and Communities
NZ$300 million 2.5% September 2040 inflation-linked wellbeing bond
Lead manager: ANZ

New Zealand Issuer of the Year
Kāinga Ora – Homes and Communities

Kauri Issuer of the Year
World Bank