Two more bond deals added to a February wave of issuance from the semi-government sector, taking volume raised in the second month of the year to A$6 billion. Deal sources say transactions continue to signal deep demand for semi-government debt at the start of the year, noting that wider spreads are luring investors, including from offshore, into books.
WOMEN IN CAPITAL MARKETS Yearbook 2024
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
HIGH-GRADE ISSUERS YEARBOOK 2024
The ultimate guide to Australian and New Zealand government-sector borrowers.
Related news
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.