Spark Finance elected to include a single sustainability performance target with a twofold measurement approach in its latest deal, New Zealand’s first sustainability-linked bond. Issuer and lead manager say the deal, which is linked to a greenhouse-gas emissions reduction target, received strong support from institutional investors.
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Sydney Airport the latest domino to fall as Australia’s corporate market proves its mettle
Sydney Airport’s largest-ever transaction in the Australian dollar market – which is also its first public domestic deal since 2011 – provides another sign of growing corporate borrower confidence in the local funding option. The chance to access extended tenor at volume in line with a global core market benchmark print clearly moved the dial for an issuer that has historically been wary of the reliability of domestic issuance.
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