Westpac
The big renewal
One of the most exciting aspects of sustainable finance from a capital-market perspective is the potential for the transition to a low-carbon economy to produce a huge supply of investible assets in a world that has been capex constrained. Westpac Institutional Bank is taking a lead position in Australia’s renewable-energy space – a key sector for investment growth.
Liberty planning domestic curve-extension transaction
On 17 May, Liberty Financial (BBB- by S&P) mandated Deutsche Bank, National Australia Bank and Westpac Institutional Bank to explore a potential Australian dollar denominated curve-extension transaction.
PACCAR Financial launches new three-year benchmark deal
On 17 May, PACCAR Financial (A+ by S&P) launched a new three-year, Australian dollar denominated, benchmark transaction. The deal is being marketed at 50-52 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ, TD Securities and Westpac Institutional Bank are leading.
SkyCity revises margin and extends bookbuild for domestic deal
On 14 May, SkyCity Entertainment Group (BBB- by S&P) revised the indicative margin and extended the bookbuild for its NZ$125-175 million (US$89.80-125.7 million) six-year deal. In response to market changes, the margin has been revised to 160-170 basis points over mid swap from a range given at launch on 10 May of 170-190 basis points. The minimum interest rate remains 3 per cent.
AIIB prints NZ$250 million short two-year Kauri debut
Barclays prints A$600 million multi-tranche senior-callable deal
investing with impact Yearbook March 2021
KangaNews is proud to share cutting-edge information from the global and Australasian sustainable debt market.
WOMEN IN CAPITAL MARKETS Yearbook 2020
KangaNews's first-ever yearbook amplifying female voices in the Australian capital market.
