Woolworths printed its debut sustainability-linked bond on 9 September, also its first foray into the euro market. With a single target – greenhouse-gas emissions reduction – deal sources say execution was straightforward and demand abundant in Europe and beyond. Woolworths is now marketing an Australian dollar follow-up deal.
New South Wales Treasury Corporation’s recent A$4 billion syndicated deal was the first ever dual-tranche floating-rate note transaction from a semi-government issuer. The issuer says it offered this structure to gain interest from its targeted Australian deposit-taking institution investors.
ElectraNet’s first Australian dollar deal was a departure from its usual sources of funding—the US private placement market and bank debt. The issuer says diversification drove the decision to enter the local market and that it was rewarded with a positive buy-side response.