KangaNews Fixed-Income Research Poll 2015: results announced
KangaNews is pleased to present the results of this year's Fixed-Income Research Poll: the only independent poll of fixed-income investors' views on relevant research in the Australian market. This year's poll saw a record response from qualifying institutional investors, and a strong degree of consistency in the results.
Australian dollar TLB opens new avenue for high yield to domestic investors
Australian buy-side demand for higher-yielding debt has been evident for some time but market technicals have inhibited participation, market participants insist. The presence of a substantial local bid for the first local-currency denominated term loan B (TLB) facility for an Australian issuer could see this change.
USPP interest up another notch for Australasian-origin borrowers in 2015
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.
Green-bond insights: investors should have skin in the game, key market player insists
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.
Price-maker support the key to success of new 20-year CGS futures contract
Key market participants' responses to the news that the Australian Securities Exchange (ASX) will launch a new 20-year Commonwealth government securities (CGS) futures contract later this year diverge. Some are quietly confident that liquidity in the bonds will grow sufficiently quickly to be of immediate benefit to the Australian rates market as a whole, while others suggest the precedents are unconvincing.