On 10 August, Macquarie University (Aa2) mandated HSBC and National Australia Bank to arrange fixed-income investor meetings regarding a potential Australian dollar denominated sustainability bond. The meetings will take place in Asia and Australia, commencing 16 August.
On 7 August, Bank Australia (BBB/Baa1) mandated ANZ to arrange fixed-income investor meetings, to take place in Sydney and Melbourne during the week commencing 13 August. An inaugural three-year Australian dollar denominated sustainability bond transaction may follow.
On 2 August, Quartz Finance, an entity owned by Blackstone Group, launched a conditional purchase offer for up to A$150 million (US$111.1 million) of Investa Office Fund (IOF)’s green-bond line due April 2024. The purchase price under the offer will be 100 per cent plus 1.782 per cent for accrued interest up to and including the proposed implementation date, 5 September.
Sustainable lending is a key pillar of ING Bank (ING)’s plans to “significantly grow its wholesale lending business in Australia”, which will also have a focus on the bank’s strengths by sector and network capabilities. A local debt capital markets presence is not on the radar at present, though ING hopes to be increasingly involved in international debt issuance from Australia as its client base grows.