Future of retail hybrids in Australia could rest with FSI following UK sale ban
The new powers which enabled the UK's Financial Conduct Authority (FCA) to impose a one-year ban on the sale of contingent convertible (CoCo) securities to retail investors are referenced in the Australian Securities and Investments Commission (ASIC)'s submission to the Australian financial system inquiry (FSI).
NZ commerce minister announces debt-raising streamlining plans at KangaNews event
The New Zealand government is targeting reduced compliance costs for issuers and wider availability of instruments in the local retail market through a number of new policy decisions. A clutch of policy updates were revealed by Craig Foss, New Zealand's minister of commerce, at the KangaNews New Zealand DCM Summit in Auckland on August 6.
Deutsche Bank, NAB and Westpac shine in H1 league tables, ANZ holds NZ lead
National Australia Bank (NAB) and Westpac Institutional Bank (Westpac) scored notable successes as intermediaries in the Australian domestic bond market in the first half of the year, according to KangaNews league tables. Deutsche Bank's strength in the primary Kangaroo and semi-government markets put it in a leading position for aggregate Australian dollar issuance. Meanwhile, ANZ maintained its dominant status in New Zealand.
Green securitisation on Australian radar, but likely a long-term project
The prospects for issuance of green securitised product in Australia are being explored on the back of a number of breakthroughs for green assets, including the growth of socially responsible investment (SRI), Australia's first green-bond issue and a landmark US securitisation from Toyota Financial Service (Toyota). But Australian market participants acknowledge that local asset-backed deal flow in green format is likely a distant prospect.
KangaNews Fixed-Income Research Poll 2014: results announced
KangaNews is proud to reveal the results of its 2014 Fixed-Income Research Poll, in which Australian institutional investors were asked to vote for the best research providers across a range of sectors relevant to their market. The poll – the fourth run by KangaNews – saw a first-time winner in the overall category as well as continued strong performance from some of the market's most-respected analysts.
Read more: KangaNews Fixed-Income Research Poll 2014: results announced