AusNet Services
Australian market displays corporate hybrid potential in AusNet deal
AusNet Services Holdings pushed ahead with a hybrid-capital deal despite global market volatility rearing in the days preceding launch. Issuer and leads say support was secured from key accounts in advance but the deal also attracted plenty of bids from yield-hungry investors despite the challenging environment.
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.
The heart of the deal
One of the main factors put forward to explain why Australian true corporate issuance continues to underperform in an otherwise largely positive local credit market is suboptimal execution practice. KangaNews goes inside the deal process with parties on all sides of transactions to understand why many market users believe execution is letting the local corporate market down.
AusNet’s Asian-driven 10-year result a shining light in a challenging market
Deal sources say AusNet Services’ success in placing a substantial 10-year Australian dollar transaction – with a significant oversubscription and minimal new-issue concession – reflects borrower specifics and momentum in the execution process rather than a widespread positive corporate issuance tone. A large bid from Asia drove the outcome but investors generally remain highly selective.
AusNet prints A$700 million 10-year domestic deal
AusNet launches 10-year domestic deal
