Mandatory climate reporting puts business in the hot seat
Long-anticipated mandatory climate reporting for corporate Australia took a step closer to reality in January as the Australian government published its draft legislation for the forthcoming regime. Industry experts speak to KangaNews about what it means for businesses – and who will be ready for the task.
Read more: Mandatory climate reporting puts business in the hot seat
Melbourne Airport takes the long-haul option and maxes volume in euro print
Melbourne Airport says its return to the euro market priced at a level competitive with recent comparable domestic trends while allowing the issuer to print its largest-ever capital market volume. The Australian-origin corporate pipeline is building in Europe and leads say it continues to be an important option for many issuers even as the domestic market impresses with a series of record orderbooks.
LGFA shrugs off repo uncertainty to validate Australasian issuance strategy
New Zealand Local Government Funding Agency is confident its latest Kangaroo deal demonstrates ongoing support for its name in Australian dollars, despite its recent loss of local repo eligibility. With four points now on its Australian dollar curve, the issuer says its new issuance focus will shift to building up line size rather than adding new benchmarks.
Another wave of long-dated demand greets Brisbane Airport’s domestic 10-year deal
The positive tone in the Australian dollar market continued for Brisbane Airport’s latest transaction, having convinced the borrower to pick the domestic issuance option and advance its execution plans. The issuer was rewarded with a substantial oversubscription that allowed it to tighten the deal margin significantly.
Demand for Telstra shows corporate market no longer a blue-chip-only story, leads say
The size and breadth of demand for Telstra’s latest deal stands out – especially the scale of bids for 10-year corporate bonds. But deal sources say buy-side interest in corporate transactions is wider than it was a year ago and should support supply from a range of issuers.