Deal and ratings review, week ending 17 March 2017

Kiwibank’s decision to pull a planned Kangaroo transaction between pricing and settlement, with no explanation provided at the time, caused a stir in markets this week. The decision was driven by a preliminary Reserve Bank of New Zealand view that the issuer’s outstanding tier-one and tier-two securities may not comply with the local capital-adequacy regime. In the wake of its debut green-bond transaction, Queensland Treasury Corporation says green could form a regular component of its funding mix.