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Peet came to the market for its fourth debt capital market transaction on 26 March, with the issuer raising capital to position itself for opportunities that it believes may arise as a result of a property market sell-off. The deal’s lead says the nonrated corporate market continues to provide attractive opportunities for issuers and investors.
On 28 March, Woolworths Group (Woolworths) (BBB/Baa2) revealed plans to hold debt investor meetings in Australia and Asia, regarding a potential inaugural Australian dollar green bond. ANZ, Citi and J.P. Morgan have been mandated to arrange the meetings, commencing 4 April.
On 28 March, Downer Group Finance (Downer) (BBB by Fitch) mandated Mizuho Securities, National Australia Bank and Westpac Institutional Bank to arrange a series of investor meetings across Australia and Asia commencing 4 April, regarding a potential new Australian dollar denominated transaction.
On 27 March, Bluestone Group (Bluestone) began taking indications of interest for its residential mortgage-backed securities (RMBS) transaction, Sapphire 2019-1 Trust. The potential deal has indicative total volume of A$400 million (US$284.1 million) and is expected to launch and price in the week beginning 1 April.
On 27 March, Australian Financial Group (AFG) began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, AFG 2019-1 Trust. The deal is expected to launch and price in the week beginning 1 April. National Australia Bank is arranger for the deal, and joint lead manager alongside ANZ and United Overseas Bank.