Incitec Pivot launches new seven-year domestic deal
- Thursday, 07 March 2019
On 7 March, Incitec Pivot (BBB/Baa2) launched a new, seven-year, Australian dollar denominated benchmark domestic transaction. The forthcoming deal has indicative price guidance of 245-250 basis points area over semi-quarterly swap. Pricing is expected on 8 March, according to joint lead managers ANZ and Commonwealth Bank of Australia.
WOMEN IN CAPITAL MARKETS Yearbook 2021
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
KANGANEWS SUSTAINABLE FINANCE H2 2021
KangaNews is proud to share cutting-edge information from the global and Australasian sustainable debt market.
Related news
Early timing ensures Toyota Australia’s euro success
Toyota Finance Australia says executing at the very start of the year was a key aspect of its return to the euro market after an almost two-year hiatus, as it aimed to price before deal flow picks up in the weeks ahead. The issuer priced €1.15 billion (US$1.3 billion) of three- and six-year bonds on 5 January, a notably early start for Australian corporate issuance.
Activity review: filling the void
The lingering impact of fiscal stimulus continued to support a structurally altered Australasian debt market in 2021, transaction data from the KangaNews deal database show. Corporate and securitisation issuance capitalised on the absence of major-bank supply, while sustainability-aligned deal flow reached new heights.
Retail push revived
Answering a referral from the federal treasurer, the Australian parliament’s tax and revenue committee published a report in October 2021 with 12 recommendations designed to kickstart a local retail corporate bond market. Market participants – including several who appeared at committee public hearings during the pre-report inquiry – are cautiously optimistic about the outcome.