On 20 April, Growthpoint Properties Australia (Growthpoint) (Baa2) revealed plans to meet investors in Australia and Asia regarding a possible seven-year domestic green-bond transaction. ANZ, National Australia Bank and Westpac Institutional Bank will arrange the meetings, set to commence 30 April.
Deal sources on Brisbane Airport Corporation (Brisbane Airport)’s recent domestic transaction – the issuer’s first in Australian dollars since October 2013 – say the transaction’s strong orderbook and tight pricing is proof of the Australian market’s continued competitiveness.
Recent deal outcomes for Transurban Queensland and Sydney Airport demonstrate the ongoing willingness of a range of international markets to provide liquidity to Australian corporate borrowers, deal sources say. While pricing outcomes vary, specific issuers’ funding strategies and the ongoing desire for investor diversification are at least as important drivers of market selection.