KangaNews Awards 2018: winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2018. After an exhaustive voting process to gauge the views of market participants in Australia, New Zealand and beyond, KangaNews is confident that the results of the KangaNews Awards 2018 are a true reflection of excellence in the Australasian debt markets.
This year’s awards feature a restructuring of many house of the year categories including in New Zealand, where the more detailed structure produced a clutch of extremely close results. Sustainability was a major focus of voter attention in Australia and New Zealand, and sustainable issuance was recognised in a raft of categories.
Since their inception at the end of 2007, the KangaNews Awards have been based purely on the votes of market participants. KangaNews does not employ an awards committee or ask for supporting documentation for nominations. Instead, it conducts thorough and intensive polling of those involved in the Australian and New Zealand debt markets.
KangaNews has updated the category composition of the KangaNews Awards 2018 in order to reflect the continuously evolving composition of the markets in Australia and New Zealand.
In the Australian market awards for 2018, the secondary house awards have been consolidated into Secondary House of the Year. Meanwhile, the offshore bond house category has been split into US Bond House of the Year, Europe Bond House of the Year, Asia Bond House of the Year and USPP Bond House of the Year.
The ever-growing presence of sustainability in the market is reflected in the addition of Australian Sustainability House of the Year, Australian Sustainability Fund Manager of the Year and Australian Sustainability Issuer of the Year awards. The Australian Market Innovation of the Year award has also been added.
The structure of the New Zealand house awards has been modified to mirror that of Australia, while the domestic bond deal of the year category has been split into Domestic Rates Deal of the Year and Domestic Credit Deal of the Year.
Following the changes to the Market People of the Year category in 2017, the winners in this category in 2018 will again be announced live at the KangaNews Awards Gala Dinner, which takes place at Doltone House Hyde Park in Sydney on 19 March 2019.
The KangaNews Awards 2018
Australian market house awards
Australian Dollar Bond House of the Year
ANZ
Australian Dollar Rates House of the Year
ANZ
Australian Dollar Credit House of the Year
ANZ
Australian Dollar SSA House of the Year
TD Securities
Australian Dollar Secondary House of the Year
ANZ
Australian Securitisation House of the Year
National Australia Bank
US Bond House of the Year
Bank of America Merrill Lynch
Europe Bond House of the Year
BNP Paribas
Asia Bond House of the Year
MUFG Securities
USPP House of the Year
National Australia Bank
Australian Sustainability Debt House of the Year
National Australia Bank
Australian Rates Fund Manager of the Year
Ardea Investment Management
Australian Credit Fund Manager of the Year
Kapstream Capital
Australian Sustainability Fund Manager of the Year
UBS Asset Management
Australian Law Firm of the Year
King & Wood Mallesons
Australian Rating Agency of the Year
Moody’s Investors Service
Australian Trustee of the Year
Perpetual Corporate Trust
Australian market deal awards
Australian Dollar Rates Bond Deal of the Year
New South Wales Treasury Corporation
A$1.8 billion 3% November 2028 green bond
Arranger: National Australia Bank
Joint lead managers: ANZ, Bank of America Merrill Lynch, National Australia Bank
SSA Kangaroo Bond Deal of the Year
Kommunalbanken Norway
A$450 million 2.7% September 2023 green bond
Joint lead managers: RBC Capital Markets, TD Securities
Australian Sustainability Deal of the Year
New South Wales Treasury Corporation
A$1.8 billion 3% November 2028 green bond
Arranger: National Australia Bank
Joint lead managers: ANZ, Bank of America Merrill Lynch, National Australia Bank
Australian Dollar Financial Institution Bond Deal of the Year
Suncorp Group
A$600 million December 2028 tier-two FRN
Lead managers: ANZ, Citi, Goldman Sachs, National Australia Bank, Westpac Institutional Bank
Australian Dollar Corporate Bond Deal of the Year
Port of Melbourne
A$550 million 3.9% October 2025
Joint lead managers: ANZ, National Australia Bank
Australian Dollar Unrated Debt Deal of the Year
Virgin Australia
A$150 million 8.25% May 2023
Joint lead managers: ANZ, HSBC, UBS
Australian Securitisation Deal of the Year
National Australia Bank
A$2 billion National RMBS Trust 2018-1 with green Class A1-G notes
Arranger: National Australia Bank
Australian Syndicated Loan Deal of the Year
Ausgrid Finance
A$6.93 billion 2021, 2023 & 2025
Bookrunners: ANZ, Commonwealth Bank of Australia
Mandated lead arrangers: ANZ, Bank of America, Bank of China Sydney, BNP Paribas, Commonwealth Bank of Australia, HSBC Australia, Industrial and Commercial Bank of China, ING Bank Australia, Mizuho Bank, MUFG Bank, National Australia Bank, Norinchukin Bank, Westpac Banking Corporation
Australasian-Origin Offshore Financial Institution Bond Deal of the Year
National Australia Bank
€750m August 2023 SDG green bond & €1.25bn August 2028
Arranger: National Australia Bank
Joint lead managers: BNP Paribas, Citi, National Australia Bank, UBS
Australasian-Origin Offshore Corporate Bond Deal of the Year
Sydney Airport Corporation
€500 million April 2028
Joint lead managers: Bank of America Merrill Lynch, BNP Paribas, HSBC, Societe Generale
Australasian-Origin US Private Placement Deal of the Year
Sydney Airport Corporation
US$45 million 2034, A$135 million 2039, A$100 million 2044 & A$100 million 2049
Agents: MUFG Securities, National Australia Bank
Australian market issuer awards
Australian Government-Sector Issuer of the Year
Queensland Treasury Corporation
Australian Corporate Issuer of the Year
Ausgrid Finance
Australian Sustainability Issuer of the Year
National Australia Bank
Kangaroo Issuer of the Year
World Bank
Australian market innovation awards
Australian Innovative Debt Deal of the Year
World Bank
A$110 million 2.2% August 2020 blockchain-operated new debt instrument
Lead manager: Commonwealth Bank of Australia
Australian Market Innovation of the Year
ASX's overhaul of BBSW calculation methodology
New Zealand market awards
New Zealand Domestic Bond House of the Year
ANZ
New Zealand Rates House of the Year
ANZ
New Zealand Credit House of the Year
ANZ
Kauri House of the Year
BNZ
New Zealand Secondary House of the Year
ANZ
New Zealand Fund Manager of the Year
Harbour Asset Management
New Zealand Law Firm of the Year
Chapman Tripp
New Zealand Rating Agency of the Year
S&P Global Ratings
New Zealand Trustee of the Year
Guardian Trust
New Zealand Domestic Rates Deal of the Year
Housing New Zealand
NZ$250 million 2.97% June 2023 & NZ$250 million 3.36% June 2025
Joint lead managers: ANZ, Westpac Banking Corporation New Zealand Branch
New Zealand Domestic Credit Deal of the Year
Chorus
NZ$500 million 4.35% December 2028
Joint lead managers: ANZ, BNZ, Deutsche Craigs, Forsyth Barr, Hobson Wealth Partners
Kauri Bond Deal of the Year
World Bank
NZ$700 million 3% February 2023
Joint lead managers: ANZ, BNZ, Commonwealth Bank of Australia
New Zealand Innovative Debt Deal of the Year
Auckland Council
NZ$200 million 3.17% June 2023 green bond
Lead manager: ANZ
New Zealand Issuer of the Year
Housing New Zealand
Kauri Issuer of the Year
World Bank
KangaNews Market People of the Year
The 2018 KangaNews Market People of the Year were announced at the 2018 KangaNews Awards Dinner on 19 March 2019 at Doltone House Hyde Park.
SAM DIREEN HOUSING NEW ZEALAND
As the man most responsible for guiding New Zealand’s most significant new bond issuer back to market in 2018, Sam is acclaimed by his peers for his tireless efforts in telling the Housing New Zealand story, coolness under pressure and – at least as important – his consistently positive and receptive approach. One voter notes: “The market needs more like Sam”.
EILA KREIVI EUROPEAN INVESTMENT BANK
Eila’s history with the Australian market goes back well over a decade, as she headed up the Americas and Asia-Pacific funding operation at European Investment Bank during a period in which it was the largest issuer in a rapidly developing market. More recently, Eila has taken a leading role in the global development of the green and social bond market that is now growing fast in Australia and New Zealand, while offering her time to help that evolution in Australasia.
SOPHIE GILDER COMMONWEALTH BANK OF AUSTRALIA
When distributed ledger technology is the norm for bond execution, no individual will have as much claim on the role of champion for this development in Australia – and, arguably, globally – than Sophie. Having overseen the world’s first blockchain bond executed in Australia in 2018, now is the time to acknowledge Sophie as the leading light of a market evolution for which Australia is at the frontier.
KATHERINE PALMER NEW SOUTH WALES TREASURY CORPORATION
As Australia’s green-bond market grows and evolves, the key development in 2018 was undoubtedly New South Wales Treasury Corporation’s debut deal. Katherine is recognised by market participants as much for her work behind the scenes as in the market itself – as a driving force in bringing together disparate elements of government, the wider public sector and the bond market.
PAUL WHITE ANZ
ANZ’s run at the top of the pile among banks in the Australian bond market has coincided with Paul time at the helm – but the two are not coincidental. Navigating internal change and the challenge of numerous competitors across nearly a decade, White has been instrumental in keeping ANZ ahead of the pack.
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