Ausgrid Finance (Ausgrid)’s selection of the Australian dollar market for its first public bond deal makes sense in the context of the issuer’s likely call on this market going forward, deal sources say. The issuer says it achieved a good pricing outcome while exceeding volume expectations, supported by solid market fundamentals and good demand for infrastructure assets.
Related news
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.
Adelaide Airport rekindles investor relations in domestic return as it hits funding turning point
Following its first Australian dollar deal in seven years, Adelaide Airport says re-engaging with the local investor base was a top priority as it embarks on a new capex plan and plans for upcoming maturities. While issuance has slowed since a hectic end to Q1, the deal book demonstrates ongoing robust demand for Australian dollar corporate credit.