Auckland Airport launches September 2027 Kangaroo tap
- Thursday, 12 October 2017
On 12 October, Auckland International Airport (Auckland Airport) (A-/S&P) launched a no-grow A$110 million (US$85.7 million) increase to its September 2027 Kangaroo bond. Price guidance is 120-125 basis points area over semi-quarterly swap, according to lead managers Commonwealth Bank of Australia and Westpac Institutional Bank.
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.