Online articles

  • Australasian energy transition from generator to user

    Energy transition will affect every nation, business and individual, and the scale of the task – and the resulting upheaval – is only now starting to become a stark reality. Fitch Ratings and KangaNews gathered Australian and New Zealand capital market participants representing the full power supply chain and the buy side to discuss with Fitch’s analysts what is coming down the pike.
  • Australian just transition requires financial innovation and social inclusion

    Australia has plenty of work to do if it is to align capital and collaboration for a just transition to a sustainable, low-carbon future. Speakers at the Australian Sustainable Finance Institute’s conference in Sydney in October called attention to the financial sector’s role, responsibilities and opportunities to support First Nations Australians and amplify their voices in the wake of the failure of the...
  • Carpe diem for Australian fixed income

    The economic outlook is weak and the world is suffering an apparently unceasing pipeline of risk events. Meanwhile, the looming US election carries the threat of geopolitical and environmental catastrophe. Nonetheless, the Australian fixed-income market ecosystem is in rude health. Market participants looking to 2024 and beyond should be thinking about how to capitalise on recent success to solidify and multiply...
  • Diverse Australian securitisation collateral a safe haven as volatility builds

    The Australian dollar securitisation market has continued to offer issuance opportunities for originators of a wide range of collateral despite revived rates uncertainty and an uncertain geopolitical backdrop. Recent issuers from outside the prime mortgage sector note ongoing supportive liquidity, improving pricing conditions and a noteworthy level of domestic investor support.
  • Everything, all together, all the time

    New Zealand is well ahead of the game when it comes to net zero transition in power generation, but many other sectors of its economy still have a long way to go to establish long-term sustainable foundations. Recent climate events, meanwhile, make it very clear that the time for delay has long passed. Speakers at the KangaNews-Westpac New Zealand Sustainable Finance Summit, which took place in Auckland...
  • Global leadership on funding and supporting the economic transition

    Long one of the most significant issuers from the supranational, sovereign and agency sector in the Kangaroo and Kauri markets, European Investment Bank picked its moments to print a substantial volume of Australian dollars once again in 2023. Key funding executives from the supranational share their end-of-year views with KangaNews on a range of issues – including seeking tenor in a challenging market,...
  • Issuance capacity but no strategic shift for big-four funders

    Australia’s big-four bank funders have enjoyed a notable uplift in domestic capacity for their wholesale issuance that became even more pronounced in 2023. Speaking at a KangaNews-RBC Capital Markets roundtable in Sydney in December, the issuers emphasised the value of a consistent issuance approach even in changeable conditions.
  • KangaNews Awards 2023: institution and deal winners announced

    KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2023. At the end of another busy year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2023's most outstanding performers.
  • Kauris and LGFA make revised RBNZ liquid assets list

    The Reserve Bank of New Zealand provided an update to its liquidity policy review on 5 December, with the banking system regulator now set to include level two liquid assets and a substantial committed liquidity facility in the forthcoming regime. The reserve bank has confirmed that securities issued by New Zealand Local Government Funding Agency and by “highly rated” Kauri borrowers will be included as level two...
  • Resilience to the fore in corporate Australia – in funding as in business

    The KangaNews-Westpac Institutional Bank Corporate Debt Summit 2023 took place in Sydney in mid-October. A record number of delegates gathered to discuss the present and future of the Australian corporate environment, from the economic outlook and business conditions to the forthcoming impact of generative AI. In the mix was a steady but unspectacular corporate bond issuance environment that belies fundamental...
  • Securitisation builds an audience for its diversity story

    The Australian Securitisation Forum’s 2023 annual conference attracted a record number of delegates – well over a thousand attended – and offered its most wide-ranging agenda ever. The securitisation industry has navigated higher rates and increasing global uncertainty well to date, with record volume printing in 2023 and a notable uptick in collateral diversity. The road ahead may be tricky but the market is...
  • Solid foundations for an uncertain future

    The 2023 Commonwealth Bank of Australia Global Markets Conference brought international investors to Australia at a fascinating juncture for the local economy and the fixed-income asset class. While the general view remains that the central bank hiking cycle is close to played out, the market is also coming to terms with the real consequences of a higher for longer environment. Australia is not fully insulated...
  • Taming the energy transition beast

    In late 2023, MUFG – facilitated by KangaNews – hosted its inaugural conference in Sydney focused on transition and access to global capital, as part of the MUFG N0W series of regional events. The scale and scope of the energy transition task means it will shape and even define capital markets in the coming years, in all areas and types of finance.
  • The Enchanted Ball 2023

    On 24 November 2023, the Enchanted Ball returned to the Palladium at Crown in Melbourne. Celebrating 21 years, the exclusive event raises funds for the Financial Markets Foundation for Children, which offers grants for life-changing research into children’s health. KangaNews is proud to be a diamond sponsor of the ball. pdf Click here (4.81 MB) to see coverage.
  • The principles behind AIIB’s infrastructure for tomorrow

    In October 2023, KangaNews caught up with Asian Infrastructure Investment Bank’s Beijing-based president, Jin Liqun. He was in Australia to attend the Commonwealth Bank of Australia Global Markets Conference and conduct meetings to update AIIB governor and Australian federal treasurer Jim Chalmers, government officials and local stakeholders on the work of the bank and its future plans.
  • Wider ripple from new small bank liquidity rules

    The Australian Prudential Regulation Authority’s plans to uplift liquidity rules for a swathe of smaller local banks is likely to shake up the sector once more, market participants say. The increased cost of funding liquidity books and likely loss of demand for their wholesale debt instruments may be enough to spark further consolidation among financial institutions with smaller and less established capital markets...
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