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Monday, 29 March 2021

Name value helps WestConnex and Lendlease hit 10 years following shorter-dated trend

WestConnex Finance Company and Lendlease Group completed 10-year domestic prints in the same week even though the tenor of Australian corporate issuance had shortened in the preceding period. Deal sources say borrowers and transaction specifics helped convince investors to consider longer duration despite growing reflation considerations.

Thursday, 25 March 2021

Lendlease launches 10-year benchmark green-bond deal

On 25 March, Lendlease Group (Baa3/BBB-), via its financing company Lendlease Finance, launched its Australian dollar denominated, 10-year, benchmark green-bond deal. Indicative price guidance for the transaction is 215-220 basis points area over semi-quarterly swap. Pricing is expected on the day of launch.

Wednesday, 24 March 2021

Lendlease starts marketing 10-year green bond

Lendlease Group (Baa3/BBB-), via its financing subsidiary Lendlease Finance, began taking indications of interest for its new Australian dollar denominated, 10-year, benchmark, green-bond transaction on 24 March. Initial price guidance for the deal is 220-225 basis points area over semi-quarterly swap.

Thursday, 18 March 2021

Lendlease exploring 10-year Australian dollar green bond

On 18 March, Lendlease Group (Baa3/BBB-), via its financing entity Lendlease Finance, revealed plans for a potential 10-year, Australian dollar denominated, benchmark, green-bond transaction. ANZ, Bank of China, Commonwealth Bank of Australia (CBA) and HSBC have been mandated to arrange a series of investor calls in the week beginning 22 March. ANZ, CBA and HSBC have also been mandated as green-bond advisers.

Monday, 15 March 2021
Feb/Mar 2021 IWI Supplement

Australasian sustainable finance reaching the tipping point

Sustainability can no longer be ignored by capital-market practitioners – according to participants at a February roundtable discussion hosted by KangaNews, Commonwealth Bank of Australia and Westpac Institutional Bank. Deal flow is likely to increase as a result, but the consequences are vastly wider and deeper.

Wednesday, 06 January 2021
Dec/Jan 2020/2021

Australian corporate credit on the rebound

Investment-grade corporate Australia has weathered the COVID-19 crisis better than could have been expected as the pandemic accelerated in March and April 2020, according to participants at a Fitch Ratings-KangaNews roundtable at the end of the year. A supportive local debt market was just one of the factors behind this resilience.

Sunday, 25 October 2020

Australia’s rejuvenated GSS pipeline delivers new issue for Lendlease

Lendlease Group printed its debut green bond on 20 October to become the first nonfinancial corporate credit to print labelled green, social and sustainability (GSS) product in Australia this year. The issuer tells KangaNews its financing strategy now aligns with the business’s strong green credentials.

Tuesday, 20 October 2020

Lendlease launches seven-year green bond

On 20 October, Lendlease Group (Baa3/BBB-), via its financing entity Lendlease Finance, launched a new Australian dollar denominated, seven-year, senior-unsecured, benchmark, green-bond transaction. The forthcoming deal has indicative price guidance of 315 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ, Commonwealth Bank of Australia, HSBC, National Australia Bank and SMBC Nikko are leading.