Ausgrid’s first deal in the euro market since 2021 refreshed the issuer’s euro curve and also delivered landed cost of funds that the issuer believes to be approximately in line with what would have been achieved from a domestic print. With this marker now in place for Australian corporates in Europe, Ausgrid’s leads suggest follow-on supply is likely.
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Monday, 24 March 2025
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.