The circumstances of 2020 have put particular pressure on corporate treasuries. Where the financial crisis was spawned – and, in Australia’s case, largely remained – in financial markets, COVID-19 rapidly developed from a public-health emergency into the greatest shock the real economy has seen in lifetimes.
The sustainable-finance sector has grown exponentially in the past decade. As part of the Women in Sustainable Finance initiative, Westpac Institutional Bank and KangaNews brought together Australian and global experts to discuss the market in 2020 and beyond.
The Australian securitisation industry has been at the front line of market evolution, from its position at the eye of the financial-crisis storm to the proactive role played by the Australian Securitisation Forum (ASF)’s Women in Securitisation (WIS) subcommittee.
The COVID-19 crisis is having a profound impact across economies, markets and societies. ANZ and KangaNews, in association with Women in Banking and Finance, hosted business and market leaders to talk through the response so far and the wide-reaching nature of future changes.
BNY Mellon’s initiatives to promote workplace gender diversity and inclusivity involve wide-ranging internal and tangible external engagement. Two of the company’s senior executives in the Asia-Pacific region, Anna O’Sullivan and Lauren Stewart, discuss the programmes and their aims to tackle systemic societal issues.
ANZ’s purpose is to shape a world where people and communities thrive. The bank’s approach to diversity and inclusion is one way it brings this purpose to life, enabling the social and economic participation of all its stakeholders – customers, employees, and the wider community.
On 22 September, Thinktank Group mandated Commonwealth Bank of Australia, Deutsche Bank and Westpac Institutional Bank to arrange a series of investor calls beginning 24 September regarding a potential Australian dollar, SME commercial and residential mortgage-backed securities transaction.
On 22 September, La Trobe Financial launched its residential mortgage-backed securities (RMBS) deal, LFCMT 2020-S1. Total capped volume for the transaction is A$500 million (US$360.7 million) and is expected to price on the day after launch. National Australia Bank is arranger and joint lead manager alongside Macquarie Bank and Westpac Institutional Bank.
On 22 September, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched its new September 2026 line via syndication. Indicative price guidance for the forthcoming transaction is 24-27 basis points area over three-month futures contract. Pricing is expected on the day after launch, according to lead managers ANZ, BofA Securities, Deutsche Bank and J.P. Morgan.
On 22 September, Qantas Airways (Baa2) launched a A$50-150 million (US$36.1-108.2 million) increase to its October 2026 line. Indicative price guidance for the deal, which is expected to price on the day of launch, is 385 basis points area over semi-quarterly swap. Citi, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank are leading.