Scentre Group
A growing market in a troubled world
Two themes emerged most clearly from discussions at the KangaNews Debt Capital Market Summit 2025: the overall healthy state of Australia’s fixed-income market, and the increasingly turbulent world in which it operates. Taking place less than 24 hours before the latest big blow against global free trade taken by the US government, the Trump administration and its consequences were not far from every conversation.
KangaNews Awards 2024: institution and deal winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2024. At the end of a banner year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2024's most outstanding performers.
Australian corporate deal outcomes suggest investors are prioritising yield
A trio of transactions from inner-circle Australian blue chip corporate names in early September suggest investor interest is keenest in higher-yielding good-quality product. Scentre Group received overwhelming demand for a subordinated deal, and while Telstra Group and Woolworths were also well covered and able to execute quickly the response was more measured.
Credit liquidity and primary market signals
In late August, ANZ and KangaNews hosted their third annual bond trading roundtable – this year adding the perspectives of a range of spread product issuers. In a challenging year for credit pricing and liquidity, market users discussed trading conditions, emerging confidence and what secondary activity says about new-issuance prospects.
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.
Corporates find more crisis funding options
The economy-wide impact of COVID-19 has affected Australian corporate borrowers in a host of ways. But access to funds has generally remained in place as issuers navigate a path back to some type of normality – even for those in the most affected sectors.
