1 - 10 of 20 results found

Refine results

Filters applied to these results:
1.
Wednesday, 10 January 2024

2023 year in review: New Zealand Kangaroos hop to Australian shores

Deals from New Zealand issuers in the Australian market revved up in a big way in 2023. There are a raft of reasons why the Kangaroo market should remain attractive to opportunistic New Zealand borrowers into 2024 – provided market fundamentals, including basis swap dynamics, are supportive.

2.
Tuesday, 12 September 2023

Australian issuance hits the right note for Chorus – and more Kiwis may follow

Chorus has joined the growing group of New Zealand corporate issuers to add the Australian dollar market to their funding – and deal sources say there may be more to follow. Chorus says its decision to introduce an Australian dollar programme was strategic and that it plans to be a repeat issuer.

7.
Friday, 16 September 2022

Chorus’s euro trip incorporates buyback and new benchmark issuance

Chorus conducted an unusual liability management tender process alongside its return to euro issuance. Deal sources say the buyback and simultaneous issuance was a win for investors, allowing them to offload short-dated debt and extend duration without changing exposure limits.

8.
Tuesday, 24 November 2020

New Zealand institutional bid firms for 10-year duration

Chorus took advantage of supportive conditions to print the year’s largest New Zealand dollar corporate deal ahead of a May 2021 maturity. The issuer says it was very confident it would be supported by retail and institutional investors, including at 10-year tenor.

10.
Friday, 20 November 2020

Chorus revises margins for dual-tranche retail deal

On 20 November, Chorus revised the margins for its NZ$200-400 million (US$138.3-276.7 million) dual-tranche transaction. The 2027 tranche has been revised to 140-145 basis points over mid swap, from 140-150, and the 2030 tranche has been revised to 170-175 basis points over mid swap, from 170-180. The bookbuild for the deal is expected to be completed on 20 November.