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Dexus Wholesale Property Fund (DWPF) (A) is exploring a return to Australian dollar issuance via National Australia Bank and Westpac Institutional Bank, the arrangers disclosed on June 2. According to KangaNews data, DWPF last issued 12 months ago when it priced a A$100 million (US$76.3 million), five-year deal.
Corporación Andina de Fomento (CAF) (AA-/Aa3/AA-) mandated and priced an increase to its June 2025 Kangaroo line on June 1. According to KangaNews data, the deal is a quick market return for the issuer which introduced the line on May 27 at volume of A$150 million (US$114.6 million) and pricing of 165.25 basis points over Australian government bond.
Investor and intermediary participants in the Australian domestic market's latest green-bond transaction identify increasing demand for deals beyond specialist socially responsible investment (SRI) portfolios. Nor should it be necessary for green bonds to price tighter than vanilla bonds to grow the green bond market – in fact, one investor insists this is a product in which the buy side should have skin in the game.
La Trobe Financial priced it's second-ever issue of residential mortgage-backed securities (RMBS) on May 29. The transaction – La Trobe Financial Capital Markets Trust 2015-1 – consists of notes backed by nonconforming residential mortgages across eight tranches.
BNG Bank launched and priced another increase to its July 2025 Kangaroo on May 29. According to KangaNews data, the line was introduced on January 7 this year at volume of A$150 million (US$114.8 million) and pricing of 81 basis points over Australian government bond (ACGB). The line has since been tapped several times – most recently by A$50 million on April 28 and with pricing of 69.5 basis points over ACGB.
In the wake of its curve-extending 10-year transaction – its third issue in the Kangaroo market – Corporación Andina de Fomento (CAF) reveals that building a curve in Australian dollars is a specific priority for the supranational. Domestic investors are gradually becoming less cautious with Latin America as a region, the deal's lead managers insist, as familiarity grows.
On May 28, Australian Natural Proteins announced plans for a senior-unsecured bond issue for up to A$50 million (US$38.3 million). According to a statement on the Australian Securities Exchange released by the issuer, Australian Natural Proteins is targeting a seven-year fixed-rate transaction with an indicative coupon of 7.5 per cent.
On May 28, Westpac Banking Corporation (Westpac) priced its first prime residential mortgage-backed securities (RMBS) deal of 2015. WST 2015-1 Trust – a securitisation of prime Australian residential mortgages – was upsized from provisional volume of A$750 million (US$585.7 million) across three tranches.
Australasian-origin US private placement (USPP) issuance in the year to date has seen a surge from previous years as borrowers appear to be even more drawn to the long-tenor US market than has previously been the case. Recent issuers and intermediaries tell KangaNews the main factors which are attracting players to the region show no sign of abating.
ANZ Banking Group (ANZ) (AA-/Aa2/AA-) priced its debut, self-led Australian dollar green-bond deal on May 27. The five-year fixed-rate senior-unsecured benchmark transaction priced at initial price guidance in the area of 80 basis points over semi-quarterly swap.