BNP Paribas

Wednesday, 06 March 2024

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.

Wednesday, 28 February 2024

Core offshore markets ripe for Australasian supply

The Australian dollar market has been hot at the start of 2024 but, as the H1 corporate issuance window opens, so are core global markets. Intermediaries say the euro and US dollar markets are both offering highly conducive conditions, providing Australian issuers no shortage of reasons to jet abroad sooner rather than later.

Friday, 02 February 2024

NAB goes longer with euro covered-bond return

While Australia’s major banks have focused primarily – if not exclusively – on their domestic market for funding at the start of 2024, National Australia Bank demonstrated global appetite for these credits with a euro covered-bond return on 29 January. The €1.25 billion seven-year deal achieved record demand and price tightening for an Australian bank in this format, deal sources say, and reflects emerging appetite for longer duration in the region.

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