Suncorp
KangaNews DCM Summit capital issuance webinar
Australia’s credit market has seen a pickup in supply of capital instruments, including a clutch of corporate hybrid transactions. The KangaNews Debt Capial Markets Summit 2020 webinar series included a session on additional capital, which focused on supply dynamics, demand drivers and the ever-present tension between retail, wholesale and true institutional participation.
ANZ and Suncorp sketch out post-acquisition funding profile
ANZ’s acquisition of Suncorp Bank will not radically change either bank’s funding profile in the medium term, with the two banks to retain separate treasury functions and issuance programmes. Suncorp will eventually relinquish its banking licence – at which point wholesale issuance will fall under a single banner – but for now ANZ is comparing Suncorp’s funding plans to how its New Zealand subsidiary operates in capital markets.
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.
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