Virgin Australia
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.
The time is now
While true corporate deals in the Australian market last year did not reach the heights of 2017, a second-half resurgence brought record volume from triple-B issuers and hints that extended duration is on the cards once more. The question is whether the corporate space will continue to grow in 2020 or lose momentum as it did in 2018.
KangaNews Awards 2019: winners announced
KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.
Virgin Australia to meet investors on potential five-year ASX-listed domestic deal
On 25 October, Virgin Australia revealed plans for a potential five-year, Australian dollar denominated, unsecured ASX-listed deal. Morgan Stanley, Morgans Financial, Ord Minnett and UBS have been mandated to engage investors in Sydney, Melbourne and Brisbane in the week beginning 28 October.
Market evolution allows Virgin to refinance US dollars domestically
Virgin Australia (Virgin)’s second Australian dollar bond deal built on the success of its initial transaction and capitalised on an increasingly positive market backdrop to broaden the issuer’s capital-markets footprint, deal sources say. The new transaction allows the issuer to refinance US dollar liabilities in its home currency.
Virgin prices A$250 million five-year non-call three-year domestic deal
