IFC prices A$150 million tap to 2028 Kangaroo bond
- Friday, 12 April 2024
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Making social count
International Finance Corporation’s February social-bond transactions in Australian dollars, US dollars and Swiss francs were its first to include a second-party opinion. This is a minor change for the issuer, but it reflects wider market shifts in how social-linked investment is verified and documented.
SAFA makes defensive pivot in market reopener
South Australian Government Financing Authority took a conservative approach to funding, opting for a defensive, short-dated floating-rate deal instead of a longer-dated transaction to reopen the Australian primary market on 14 April, after days of market inactivity. The transaction triggered a spree of new deal announcements, including from CPPIB Capital, which will return to the Kangaroo market to price an October 2028 bond on 16 April, and Australian Capital Territory, which is set to test investor appetite for duration with a new October 2035 line.