Manawa Energy fixes price for retail offer
- Thursday, 25 August 2022
Issuer name: Manawa Energy
Issuer rating: NR
Issue rating: NR
Pricing date: 25 August 2022
Settlement date: 8 September 2022
Maturity date: 8 September 2027
Lead managers: ANZ, Craigs Investment Partners, Forsyth Barr
Transaction type: retail-format senior bond
Volume: NZ$100 million (US$62.1 million), with the ability to add up to NZ$50 million following the exchange offer
Coupon type: fixed
Coupon rate: 5.36%
Issue/re-offer price: par
Issue yield: 5.36%
Margin: 135bp/mid-swap
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
Related news
Vicinity’s domestic print shows ongoing appetite for real estate
Vicinity Centres’ Australian dollar return provides another example of investor support for a wider range of corporate sectors – in this case, an oversubscribed book coming in for an issuer in the retail real estate sector as it seeks to move on from the pains of the pandemic. The issuer says domestic market conditions proved attractive for pricing and tenor.
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.