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Still no sign of deal fatigue in the Australian primary market as high-grade, bank and corporate issuance continued at pace – accompanied by the seemingly ever-present securitisation market. Deal sources continue to report oversubscribed books and demand from domestic and offshore investors.
Benchmark-sized issuance in the long end of the curve has been a little-trodden path for high-grade Kangaroo issuers in 2024, with the exception of a cluster of Canadian-origin deals. A new transaction from International Finance Corporation exploited a pocket of demand that deal sources say has been overlooked for some time – and that may help promote a positive new-year issuance story in 2025.
While not the biggest transaction of the year, deal sources say Goodman Australia Partnership’s return to the domestic market is still a significant trade. Coming after a four-year absence – and from a sector that has been less active in 2024 – the deal still attracted a nearly five-times oversubscription and in doing so demonstrated the breadth of local demand.
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2024. At the end of a banner year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2024's most outstanding performers.
