Auckland Council (AA/Aa2) launched its NZ$150-200 million (US$103.9-138.6 million) five-year green bond transaction on 18 June. The forthcoming deal is being marketed at 47-55 basis points over swap, with the final margin and interest rate to be set following a bookbuild scheduled to take place on 21 June. ANZ is arranger and lead manager for the transaction.
On 13 June, following the release of the Queensland state budget the day before, Queensland Treasury Corporation (QTC) revealed a A$8 billion (US$6.1 billion) borrowing requirement for the 2018/19 financial year. This is approximately A$1.8 billion less than the forecast given in the 2017/18 borrowing programme.
Auckland Council (AA/Aa2) revealed it will launch a NZ$150-200 million (US$105.3-140.4 million) five-year green bond during the week beginning 18 June, in a statement posted on the NZX on 12 June. ANZ is arranging and leading the forthcoming deal.
Western Australia (WA)’s second state budget in eight months, delivered on 8 May, revealed promising signs of improvement for the state’s finances. In an address hosted by Western Australian Treasury Corporation in Sydney on 31 May, state treasurer Ben Wyatt cited public expense reform, improving commodity prices and the emergence of lithium as a major export, as key factors in what he describes as the best WA budget position across forward estimates since the 2012/13 budget.