Police Bank mandates three-year FRN
- Thursday, 31 October 2024
Related news
“The market is open” for Australian corporates with considered approach to deals
A slew of corporate market bond deals waiting on the sidelines since 2 April could be greenlit next week ahead of major-bank half year results, sources tell KangaNews – though issuance conditions remain on close watch and the near-term execution window may be brief.
First verse of Australia’s AT1 redemption song delivers a few key notes
There was an unusual degree of scrutiny on the call of ANZ’s Capital Notes 5 additional tier-one security on 20 March as the option to reinvest into a direct replacement is no longer available. There are early signs that – as bank issuers hoped – some funds are being redeployed into tier-two notes, but market sources say it is still too soon to know exactly how reallocation will play out.
Kiwis of all stripes flock offshore in search of pricing and liquidity advantages
New Zealand borrowers are increasingly heading offshore to fund as foreign markets offer up pricing and size outcomes that in many cases outperform those available at home. With at least seven foreign currency deals hitting screens in recent weeks, the pipeline shows no sign of slowing down – and some issuers even say future activity may not be restricted to senior format.