BNP Paribas
Australian banks continue to target green issuance at Europe
National Australia Bank chose to issue a green bond in its return to senior issuance in the euro market. The issuer believes it was rewarded with a 2-3 basis point greenium but acknowledges that it benefited from the relative rarity of Australian major-bank senior-unsecured euro issuance as well as the scarcity of labelled issuance from the majors in any market.
GSS issuance in time and numbers
KangaNews has been tracking the progress of Australian and New Zealand sustainability labelled debt instruments since the market began, including coverage of groundbreaking transactions and keeping extensive issuance data in the KangaNews deal database. A timeline of key developments and data points illustrates market progress over the years.
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.
Climate transition finance and sovereign SLBs the main focus of The Principles update
The Green, Social, Sustainability and Sustainability-Linked Bond Principles announced revisions on 22 June after its annual general meeting. The two top deliveries for 2023 are an update to the Climate Transition Finance Handbook and modifications to the Sustainability-Linked Bond Principles to integrate sovereign issuers.
Steps up in Worley’s SLB ambition and Australian corporate reopening
Worley revived a deal process it initiated in 2022 to debut in the Australian dollar market with a sustainability-linked bond. Issuer and leads say the transaction – which attracted a primarily domestic investor base – demonstrates the underlying robustness of risk appetite in the local credit market, while also allowing the issuer to enhance its own sustainability targets.
Australian credit can’t count on quant
Quant credit trading is taking off in the US and Europe, with asset managers betting that the asset class is ripe for the same innovation that has upended equity markets over the last 20 years. Australian credit may be less fertile ground for such a rollout, but some market users are exploring the viability of using quant practices and systems to gain an edge.
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
