German energy firm EnBW highlights the strategic appeal of the Australian dollar market as it seeks to tap new investor bases to finance an ambitious €40 billion investment plan to shift away from coal by 2028. The issuer recently priced its debut Kangaroo bond, offering further demonstration of the market’s willingness to support offshore corporate credits.
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Worley lays down return marker as Australian credit issuance resumes in earnest
Worley Financial Services revived the domestic transaction deal it had paused on 28 March due to volatile market conditions in the lead up to and wake of US tariff announcements. Worley’s deal, together with National Australia Bank’s return to domestic benchmark issuance, were major landmarks in the Australian primary credit market’s return after a dearth of supply exacerbated by public holidays in Australia and the Asia-Pacific region, as well as bank results.