QTC highlights ongoing demand scale following green-bond return
Queensland Treasury Corporation added its name to the list of Australian semi-government issuers to syndicate transactions in January 2024, also adding to sustainability labelled supply ahead of its first maturity in the format. The issuer says demand was robust, including notable offshore interest.
ANZ three- and five-year senior finds comfortable home in domestic market
ANZ Banking Group capped the volume of its latest trade but says it easily could have printed more, if it needed to. The borrower believes it received the largest peak orderbook in the domestic market, outside the government sector.
NIB opens Kauri market for 2024 but more supply depends on multitude of factors
Nordic Investment Bank opened the New Zealand dollar market for primary supply on 16 January with a five-year Kauri. Deal sources say it is a good first transaction for the year and are optimistic more paper will follow, but are also mindful that more Kauri supranational, sovereign and agency supply could be difficult for issuers to justify relative to other global markets.
Semi-government market gets underway unseasonably early
Semi-government issuers accessed the domestic market in quick succession in the early weeks of 2024. The deals arrived notably earlier for this sector than previous issuance patterns infer and found plentiful demand, including from offshore accounts.
Resilience to the fore in corporate Australia – in funding as in business
The KangaNews-Westpac Institutional Bank Corporate Debt Summit 2023 took place in Sydney in mid-October. A record number of delegates gathered to discuss the present and future of the Australian corporate environment, from the economic outlook and business conditions to the forthcoming impact of generative AI. In the mix was a steady but unspectacular corporate bond issuance environment that belies fundamental growth in domestic credit.
Read more: Resilience to the fore in corporate Australia – in funding as in business