On 9 January, Mercedes-Benz Australia (Mercedes-Benz) (A/A2/A) progressed to launch with an indicative A$100 million (US$78.6 million) three-year EMTN transaction. The deal is being marketed at 59 basis points area over semi-quarterly swap. Pricing is expected on the day of launch during London hours, according to joint lead managers Commonwealth Bank of Australia and TD Securities.
The sixth annual corporate borrowers roundtable discussion hosted by BNP Paribas and KangaNews took place in December 2017, at the end of an interesting year for bond issuance by corporate Australia. Key corporate players discuss quantitative tapering (QT), regulation and what 2018 might bring.