League tables static as deal flow dries up
With minimal deal activity on both sides of the Tasman Sea, the Kauri market produced greater volume than either the Kangaroo or Australian domestic businesses. Bank of New Zealand and TD Securities (TD) shared the top line of this week's new Kauri transaction but volume was not enough to dislodge ANZ from the top of the league table.
EDC's 2011 keeps Kauri agency market ticking
Export Development Canada (AAA/Aaa) (EDC) has continued the recent mini vogue for agency issuers in the Kauri market, pricing a new NZ$200 million (US$150.58 million) 2011 transaction on June 11 with lead managers Bank of New Zealand (BNZ) and TD Securities (TD).Self-led deals dominate quiet week
A quiet week for new issuance meant little movement in KangaNews’s league tables. In the combined Kangaroo and domestic table (including self-led deals), nabCapital solidified its hold on second spot – behind Commonwealth Bank of Australia – on the back of its parent's A$310 million (US$297.48 million) private placement.Stronger deal flow means fewer empty weeks in 2008
Despite recent renewed volatility, the Australian bond market has demonstrated renewed consistency so far in 2008, with just a single week – the first of the year – passing with no issuance activity. In a 52 week period to June 6 2008, by contrast, a total of 10 weeks saw a silent primary market for both domestic and Kangaroo issuers.