Ausgrid
Corporate Australia makes hay in global markets
In November, Crédit Agricole CIB and KangaNews arranged a roundtable discussion for some of Australia’s leading corporate issuers. At the back end of a phenomenal year for local and global credit issuance, participants discussed demand, funding and execution strategy, the growing prominence of the euro and Australian dollar markets, and the changing manner in which investors are addressing sustainability. Separately, KangaNews spoke to key buy-side accounts in Asia and Europe to hear their perspective on Australian credit.
KangaNews Awards 2023: institution and deal winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2023. At the end of another busy year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2023's most outstanding performers.
US private placement reliability keeps it on the Australasian agenda
Australian and New Zealand corporate borrowers were somewhat less active in the US private placement market in 2022 than they have been historically. But participants at a roundtable hosted by KangaNews and MUFG Securities in Miami in January note that this was in line with dramatically reduced corporate issuance across the board, and suggest US private placements will be a favoured option as soon as supply picks up.
A global view on high-grade New Zealand
While the world wrestled with accepting inflation in late 2021, the Reserve Bank of New Zealand led, abandoning QE in July as its economy recovered from the pandemic-induced slowdown. At the KangaNews New Zealand Debt Capital Market Summit in December 2021, a collection of international high-grade market participants shared their perspective on the global economic backdrop and the year ahead.
Execution critical for corporates offshore
Intermediaries say execution strategy will play a more important role in international funding for Australian corporate borrowers in 2022 as spreads widen, investor allocations become more selective and new sources of market volatility continue to emerge.
Beyond labels, corporate engagement marches on
If Australian corporate engagement with sustainable finance were measured by labelled green, social and sustainability bond issuance, progress remained underwhelming in 2020. However, issuers, investors and other market participants at the KangaNews Sustainable Debt Summit 2020 spoke of deepening commitments to environmental, social and governance risk mitigation.
