Healthy appetite for sustainability loans supports Royal Adelaide Hospital refinancing
Celsus – the commercial operator of the Royal Adelaide Hospital under a public-private partnership – used the first full refinancing of its syndicated debt facility to price what it believes is the world’s largest use-of-proceeds sustainability loan. The loan incorporates green and social aspects and the issuer says the labelled format helped it attract a book of more than double the required volume of A$2.2 billion.
Coles embeds its sustainability goals with landmark SLL
Coles has converted around half its outstanding bank debt to sustainability-linked loan format in a deal the organisation says embeds accountability for its public sustainability targets throughout the organisation. Coles will also consider further sustainability-linked options for future refinancing needs.
Thinktank banks debut RMBS deal
Thinktank Group has expanded its public funding suite via a debut residential mortgage-backed securities transaction. Thinktank’s latest transaction marks a significant development for the borrower, which has been a significant issuer of commercial mortgage-backed securities (CMBS) in the Australian market.
Business as usual in AOFM linker print despite heightened inflation focus
The Australian Office of Financial Management says demand for its latest Treasury indexed bond syndication was consistent with its historical experiences despite increased market focus on the inflation outlook. The government debt-management agency returned to inflation-linked syndication for the first time since September 2018 and does not foresee a significant increase in supply.
SSAs' gaze returns to transition
Supranational, sovereign and agency borrowers have always been funding innovators, leading the way in opening new markets and introducing new products. With the worst of the pandemic apparently passed, at least in the developed world, the sector’s attention has returned to delivering the funding needed to address the other crisis of our time – the transition to a net-zero economy.