FMS Wertemanagement debuts in Kangaroo market with 2017 issue [UPDATED]
FMS Wertmanagement (AAA/Aaa/AAA), the agency established in 2010 to take on risk positions and non-strategic business units from Hypo Real Estate Holding, priced its debut Australian dollar transaction on March 8. The five-year Australian dollar deal comes hot on the heels of a €3 billion (US$3.9 billion) five-year benchmark placed by FMS Wertmanagement on February 15.Macquarie Leasing opens 2012 Aussie ABS market with US deal
The first asset-backed securities deal of the year from an Australian issuer priced on March 12. The transaction is a predominantly US dollar-denominated securitisation of novated leases, commercial hire purchase agreements, chattel mortgages and finance leases secured by motor vehicles originated by Macquarie Leasing.
Deal and ratings review, week ending March 2 2012
Triple-A Kangaroo issuance caught fire in the week to March 2 with deals from four supranational, sovereign and agency issuers adding up to the year's biggest Kangaroo week so far. There was also deal flow in the Australian domestic market, including another debut issue from an Asian bank's local branch, while in New Zealand the second Kauri transaction of the year came to market.