Downer
A decade of development
The KangaNews-Westpac Corporate Debt Summit debuted in 2011, with a relatively small audience and a market that could not yet take consistent supply of corporate bonds for granted. In the decade since, the event and the market have grown and diversified. By 2019 – the last year before COVID-19 put the in-person event on hiatus – registrations had more than trebled, to nearly 600, and the event’s agenda covered not just corporate debt but a raft of issues relevant to the economic and business environment.
Corporate sustainable finance evolution
Investors globally are increasingly demanding their allocations align with sustainability principles. As capital markets move rapidly to cater to this appetite, KangaNews and BNP Paribas brought together Australian corporate issuers to discuss their interaction with global debt markets.
Downer to exercise early-call option on March 2022 notes
Australian corporate credit on the rebound
Investment-grade corporate Australia has weathered the COVID-19 crisis better than could have been expected as the pandemic accelerated in March and April 2020, according to participants at a Fitch Ratings-KangaNews roundtable at the end of the year. A supportive local debt market was just one of the factors behind this resilience.
Downer prices A$200 million April 2026 tap
Downer launches April 2026 domestic tap
On 25 September, Downer Group Finance (Downer) (BBB by Fitch) launched an increase to its April 2026 domestic bond. The deal is being marketed at 170 basis points area over semi-quarterly swap and is expected to price on the day after launch. Westpac Institutional Bank is leading.
