McDonald’s launches multi-tranche benchmark Kangaroo
- Monday, 25 February 2019
McDonald’s Corporation (McDonald’s) (BBB+/Baa1) launched a new, multi-tranche benchmark Kangaroo transaction on 25 February. The forthcoming deal will be comprised of five-year tranches in either or both fixed- and floating-rate formats, a 7.5-year fixed-rate tranche and a 10-year tranche. The tranches are being marketed at 115, 140-145 and 160-165 basis points area over swap benchmarks respectively.
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
Related news
Confidence grows on baseline reliability of Australian corporate market
A few months into 2024, there can be no doubt that the Australian dollar market is demonstrating an all-time best level of demand for corporate transactions, including investor diversity and appetite for extended tenor. Discussion at the KangaNews Debt Capital Market Summit, which took place in Sydney on 18 March, turned to the prospects for this level of support to remain available consistently in future.
New Zealand's market ready to step up as degree of difficulty grows
With a substantial infrastructure requirement looming and a weak economic environment, the New Zealand capital market will have to be on top of its game in the years ahead. Participants at KangaNews’s annual women in New Zealand capital markets roundtable discussed the issues at hand and how they believe a constructive ecosystem can be developed.
Retail market continues to provide the baseline for New Zealand corporate issuance
A run of supply in March reveals a robust demand picture for rated and unrated corporate credits in New Zealand’s retail bond market – despite the rise of appealing issuance options elsewhere. The market has remained consistent through various stages of the rates cycle and users say there is little reason to anticipate a change.