Transpower New Zealand returned to the Australian dollar market for the first time since 2014 for its latest green-bond transaction, banking on latent demand from local buyers to help diversify the borrower’s investor base. Transpower says limited Australian domestic corporate issuance was a concern but local investors ultimately provided a substantial oversubscription.
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Vicinity’s domestic print shows ongoing appetite for real estate
Vicinity Centres’ Australian dollar return provides another example of investor support for a wider range of corporate sectors – in this case, an oversubscribed book coming in for an issuer in the retail real estate sector as it seeks to move on from the pains of the pandemic. The issuer says domestic market conditions proved attractive for pricing and tenor.
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