SGSP Australia Assets (Jemena)
Australian market takes stock of new inputs
Conversations at the KangaNews Debt Capital Market Summit, which took place in Sydney on 20 March, naturally focused on the fallout from bank collapses that immediately preceded the event. The overall view was that relatively positive conditions in the fixed-income market would be reshaped but perhaps not fundamentally weakened by the emerging developments.
Raising the bar on sustainability best practice
The global sustainable finance market continues to strive for maximum impact and unimpeachable standards for all participants. A group of Australian corporate borrowers, speaking at a September roundtable hosted by ING and KangaNews Sustainable Finance, say external pressures to be best in breed are significant but these align with their own corporate goals.
Offshore banks, institutional investors flock to Jemena’s first UOP bonds
Jemena says the green element of its latest round of debt refinancing was key to investor interest, with the use-of-proceeds model attracting demand to the issuer’s recent private placement and syndicated loan deals. The late 2021 transactions represent the company’s first foray into green finance, a tool it expects to develop in future transactions.
Global companies drive efforts to understand and quantify impact
The global sustainable-finance market continues to innovate in the areas of product, reporting and data provision among others. In this environment, ING and KangaNews gathered leaders from the Australian and European corporate sector with other market participants to discuss how borrowers are furthering the alignment between finance and corporate-sustainability goals.
SGSP prints A$350 million eight-year deal
SGSP launches eight-year domestic benchmark transaction
On 7 September, SGSP Australia Assets (SGSP) (A-/A3) launched an eight-year, Australian dollar denominated, benchmark transaction. Indicative price guidance for the forthcoming deal is 130 basis points area over semi-quarterly swap. Commonwealth Bank of Australia, ING, SMBC Nikko and Westpac Institutional Bank are leading.
