Domestic market fits the bill as Aurizon returns home
- Friday, 16 June 2017
Aurizon Network (Aurizon)’s return to domestic issuance, nearly four years after its debut, is rated by buy- and sell-side deal sources as a relative-value success – allowing for a more than three-times oversubscription. The issuer says its confidence in the Australian dollar market was renewed by the pace of local deal flow during 2017.
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.