ANZ captures continuing tier-two demand with 12NC7 print
Reverse-enquiry interest sparked ANZ Banking Group’s return to domestic tier-two issuance on the heels of a jumbo print the bank executed in August. The issuer says the decision to open the latest deal up from reverse enquiry paid off, with tenor and pricing points attracting strong investor support domestically and offshore.
Further New Zealand tier-two issuance unlikely for Westpac despite jumbo print
Westpac New Zealand says it does not plan to place a substantial proportion of its remaining new local tier-two requirement in the domestic market despite a significant oversubscription for its NZ$600 million (US$357.4 million) print on 8 September. The deal hit a sweet spot for pricing that attracted retail and institutional investors, supporting the positive outcome.
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.
Read more: Chorus’s euro trip incorporates buyback and new benchmark issuance
Transpower’s follow-up green bond attracts retail
Transpower says a higher coupon attracted a strong retail bid for its second green bond, with this investor segment taking a relatively higher proportion of the book than is typical for the issuer. The deal also represents a further step for Transpower toward a green debt portfolio, which expects to print another bond by year’s end.
NQA adds biodiversity to SLL reach in Australian-first deal
North Queensland Airports used a routine debt refinancing to further its sustainability ambitions by aligning with its environmental strategies through a sustainability-linked loan. The facility is the first in Australia to target biodiversity and natural capital, and deal sources say it demonstrates the potential of sustainable finance beyond emissions reduction.