Auckland Airport upsizes and sets rate on new retail bond
- Wednesday, 08 May 2024
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Politics no match for the inevitability of transition
Speakers at Investor Group on Climate Change’s annual summit remain hopeful that there has been enough progress that momentum in energy transition can be maintained even if political headwinds, including a US retreat, grow. Locally, there are hopes that Australia’s transition could in some ways benefit from the consequences of the incoming Trump administration.
Corporate Australia makes hay in global markets
In November, Crédit Agricole CIB and KangaNews arranged a roundtable discussion for some of Australia’s leading corporate issuers. At the back end of a phenomenal year for local and global credit issuance, participants discussed demand, funding and execution strategy, the growing prominence of the euro and Australian dollar markets, and the changing manner in which investors are addressing sustainability. Separately, KangaNews spoke to key buy-side accounts in Asia and Europe to hear their perspective on Australian credit.
Under the hood in the engine of the Australian economy
The resources sector is a major driver of the Australian economy, at the frontline of climate transition – and underrepresented in the local capital market. In November, Fitch Ratings and KangaNews hosted a roundtable for issuers and investors to discuss the sector’s outlook and capex plans, as well as how transition is affecting both.
Market growth despite clouded economic outlook
Two themes emerged strongly from conversations at the 2024 Commonwealth Bank of Australia Global Markets Conference, which took place in Sydney and Melbourne in October. One is the shifting tectonic plates of geopolitics and macroeconomic norms, which makes forecasting the outlook more challenging than ever. The other is the underlying growth and improved functionality of the Australian debt market, which is producing opportunities and attracting capital in the high-grade and credit sectors.