Tuesday, 09 March 2021
Feb/Mar 2021 IWI Supplement

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.

Monday, 17 May 2021

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.

Sunday, 16 May 2021

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.

Friday, 14 May 2021

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.

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