ANZ New Zealand nipped into the euro market on 19 March ahead of its half-year results to take €500 million from a no-grow trade. This was the bank’s second senior outing in just over a month as the issuer refocuses its funding activities in the format after a slew of additional capital issues.
WOMEN IN CAPITAL MARKETS Yearbook 2024
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
Related news
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.
Beyond Bank sees through upheaval to green-light debut senior deal
Despite a weaker market tone in the lead up to its inaugural issue, Beyond Bank Australia successfully printed a A$300 million floating-rate note transaction on 14 March. The bank’s Adelaide-based treasurer, Tony MacGillivray, speaks to KangaNews about how it navigated volatility, its journey to market and plans for future funding.