MyState debut a statement of expansion intent
MyState Bank made its senior-unsecured funding debut on 8 June. The issuer says the deal is in support of its plans to accelerate balance sheet growth as the Australian economy strengthens in the wake of COVID-19.
Social-bond surge reaches Australian shores
African Development Bank (AfDB) added to a burgeoning list of Kangaroo social-bond issuers when it returned to the market on 8 June. The social label has of late come to rival green as the dominant format of green, social and sustainability (GSS) bond issuance among supranational, sovereign and agency (SSA) Kangaroo borrowers.
Worley SLB to drive ambitious decarbonisation strategy
Worley printed a euro sustainability-linked bond (SLB) on 1 June, its inaugural public capital markets deal and also the first public SLB from an Australian issuer. The borrower opted for a single, highly ambitious target which aligns with its corporate sustainability strategy, and spurned the need for borrower upside in the funding mechanism.
KangaNews Fixed-Income Research Poll 2021: results announced
KangaNews is pleased to reveal the results of its 11th annual Fixed-Income Research Poll, a survey that asks institutional investors in the Australian fixed-income market to rank the research they receive across a range of sectors.
Read more: KangaNews Fixed-Income Research Poll 2021: results announced
NHFIC builds more options into its funding platform
National Housing Finance and Investment Corporation (NHFIC) evolved its labelled-bond issuance to include sustainability format in its recent deal. The transaction covers a social and affordable housing project in Melbourne which adds environmental outcomes to the social benefit derived from social housing. Further funding evolution is on the immediate horizon for the issuer.