CBA rubber stamps bank RMBS revival with upsized Medallion deal
Commonwealth Bank of Australia took the revival in bank securitisation issuance to a new level just before the end of the third quarter, doubling the size of the residential mortgage-backed securities deal it priced on 26 October and further tightening senior pricing. The issuer confirms that it expects securitisation to be a component of its wholesale funding mix on an ongoing basis.
Australia's energy transition seeks higher fruit
Australia’s energy transition has accelerated. But it is not a straight-line journey to net zero and signs are that each progressive step brings new challenges. With the low-hanging fruit now mostly picked, martialling investment capital for equally vital future progress will be no easy task.
EVs’ Australian power-up gathers pace
After years of lagging uptake in other global economies, uptake of electric vehicles in Australia is finally starting to accelerate. Clean Energy Finance Corporation and KangaNews hosted institutional participants in the sector at a September roundtable in Sydney, to discuss the detail on infrastructure and financing behind the headline uptake numbers.
The nitty gritty of fixed-income investors' ESG engagement and demand
Each year, Commonwealth Bank of Australia and KangaNews survey Australian fixed-income asset managers to get an update on the lay of the land in local sustainable capital markets, then invite investors to add qualitative thoughts to the data at a roundtable discussion. The 2023 outcome paints a picture of a market that continues to mature but still has a number of hurdles to clear.
Read more: The nitty gritty of fixed-income investors' ESG engagement and demand
Social linkage shakes the foundations – and validity – of ESG
Social factors have tended to be the black sheep of the sustainable finance family: harder to measure than emissions and frequently less prioritised than the need to respond to the existential threat of climate change. Participants at a KangaNews-Westpac Institutional Bank roundtable, which took place in Sydney in September, discussed moves to improve the measurability of social impact, the sector’s challenges and why the link between the pillars of environmental, social and governance (ESG) might make the term redundant.
Read more: Social linkage shakes the foundations – and validity – of ESG