KangaNews Awards 2020: institution and deal winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2020. At the end of a tumultuous year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2020's most outstanding performers.
Read more: KangaNews Awards 2020: institution and deal winners announced
Alberta’s 25-year deal hints at further Kangaroo tenor extension
The 25-year deal Province of Alberta priced on 3 February is the longest-ever tenor issued in the Kangaroo supranational, sovereign and agency (SSA) market, according to KangaNews data. The transaction’s lead manager, Daiwa Capital Markets, says it is a sign of the ongoing desire for longer tenor particularly among offshore investors, but warns that consistent execution of very long-dated Kangaroos remains challenging.
SDG approach continues to pay off for ANZ’s euro tier-two issuance
ANZ’s latest tier-two deal – a euro-denominated transaction priced on 27 January – is the fourth under its UN sustainable development goals (SDG) framework. The issuer says programmatic issuance and investor engagement has paid off, including in the form of a “greenium” pricing benefit.
Kauri market open and demand capacity building
The Kauri market opened for 2021 in the final week of January with two transactions – a tap from Kommunalbanken Norway (KBN) followed by a new line from Asian Development Bank. Both came at tenor longer than the New Zealand market’s traditional five-year sweet spot and intermediaries say there is plenty of local demand, but relative pricing remains challenging for further supply.
RBA to purchase an extra A$100 billion of bonds
The Reserve Bank of Australia (RBA) will add A$100 billion (US$76.6 billion) to its government bond purchasing programme once the initial A$100 billion programme is completed in April. The reserve bank announced the extension following its 2 February monetary-policy meeting, also confirming that it will continue its run-rate of A$5 billion of purchases per week, split 80-20 per cent between Australian Commonwealth government bond (ACGB)s and semi-government bonds.