South Australian Government Financing Authority
Australian government-sector issuers ride the waves of COVID-19
In June, Westpac Institutional Bank and KangaNews brought together the biggest issuers in the Australian government sector to discuss a rollercoaster ride in markets since the end of March. The issuers describe a relatively straight-line improvement since the thrills and spills of the March-April period, with returning investors supporting increasing issuance volume and liquidity at extended tenor.
Demand supports growing issuance from Australian sovereign sector issuers
In July, KangaNews and Westpac Institutional Bank gathered Australia’s biggest sovereign and semi-government issuers to discuss their funding needs and strategies. Semi-government spreads have risen and funding tasks remain high, but issuers have plenty of options.
Leadership and whole-of-issuer stories the focus of high-grade GSS issuance
Green, social and sustainability bonds have become a consistent component of high-grade Australian dollar issuance. While labelled deals still deliver a relatively small proportion of aggregate supply, these issuers have led the evolution of the market and, in particular, the drive toward a holistic understanding of borrowers’ sustainability credentials.
Time for Australian sustainable finance to step up to the plate
Clearer policy direction, the development and implementation of a local taxonomy and mandatory climate reporting, and the impending inevitability of energy transition seem set to turbo charge the Australian sustainable finance market. Speakers at the KangaNews Sustainable Debt Summit in Sydney on 19 March discussed the economic and market impact of this inflection point.
SAFA mandates increase to May 2038 line
Conditions coalesce for Australian government-sector issuers
The annual roundtable for Australia’s leading government-sector borrowers, hosted by KangaNews and Westpac Institutional Bank in July, found the issuers in buoyant mood. They have been able to shake off market volatility and economic uncertainty to deliver positive funding outcomes – while the semi-government sector in particular may have hit a new level of liquidity and global relevance.
HIGH-GRADE ISSUERS YEARBOOK 2024
The ultimate guide to Australian and New Zealand government-sector borrowers.