Sunday, 14 March 2021
Feb/Mar 2021 IWI Supplement

Global ESG acceleration a rising tide for sustainable-debt product and practice

The global sustainable-debt market has traditionally taken its lead from Europe but its innovations are increasingly being adopted globally. Susan Barron, global head of green and sustainable capital markets at Barclays in London, and Jake Hartmann, the bank’s Sydney-based director and head of debt capital markets, Australia and New Zealand, share a view on global developments and lessons for Australian borrowers seeking to align with international best practice.

Friday, 03 March 2023
Feb/Mar 2023

Fast start for Australian banks in global markets

Australia’s largest banks typically move quickly to get ahead of wholesale funding tasks with substantial offshore issuance at the start of the calendar year. With a big refinancing task ahead, 2023 has been no exception. Bank treasuries say a conducive buy side supported a particularly busy start to the year, while some market sources say it was also a case of making hay while the sun shines.

Friday, 25 November 2022

ASB times its US dollar run to reap benefits of tighter spread

The combination of tighter margins and the depth available in the 144A market supported ASB Bank’s second US dollar trade this calendar year. Deal participants say the transaction drew strong interest from Asian accounts, which were attracted by the diversification and high quality of New Zealand bank credit.

Monday, 24 October 2022
KangaNews Sustainable Finance H2 2022

Sustainability's deep roots in a changing world

Susan Barron, London-based global head of sustainable capital markets at Barclays, recently visited Australia to speak with clients on global sustainable finance developments and opportunities. Together with the bank’s Sydney-based head of debt capital markets, Australia and New Zealand, Duncan Beattie, she sat down with KangaNews Sustainable Finance to share the latest on how the environment of 2022 has shaped market evolution.

Friday, 02 September 2022
Aug/Sep 2022

Banks consider funding strategy as TFF maturity draws near

The term funding facility was a sufficiently large market intervention to all but negate Australian banks’ wholesale funding requirements for around 18 months. The bill starts to come due on this vast sum of central-bank liquidity early in 2024, but while the refinancing need will elevate wholesale funding needs, market sources say it will likely not be a like-for-like replacement.

Thursday, 16 June 2022

ASB US dollar tier-two attracts strong offshore interest

ASB Bank is the first New Zealand issuer to price an offshore tier-two deal under the Reserve Bank of New Zealand’s new bank-capital definitions. The US dollar transaction was popular with investors – about five times oversubscribed – and priced tighter than similar tier-two debt issued by Australia’s big-four banks.

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