FMS Wertmanagement returns to Kangaroo market for second deal [UPDATED]
FMS Wertmanagement (AAA/Aaa/AAA) priced its second-ever Kangaroo transaction on July 19, following its
debut in the market with a A$500 million (US$514.9 million) five-year issue in March this year. The transaction, which is being led by ANZ, Deutsche Bank and UBS Investment Bank, will add a three-year maturity to the issuer's nascent Kangaroo curve.
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Volatility and short supply remain challenges for AUD corporate issuance
Continuing global market volatility is making it difficult to confidently predict the likely path of Australian dollar corporate issuance in the second half of the year, market participants say. While some continue to be optimistic that a solid first half can be at least repeated in the second, others point to divergent investor sentiment and a subdued supply pipeline as reasons to expect a patchy period of deal flow.
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