Kommuninvest targeting regular Kangaroo and Kauri issuance
Sweden's local government funding agency, Kommuninvest (AAA/Aaa), has visited debt investors in Australia and New Zealand for the first time with the message that its growing balance sheet means it intends to become a regular issuer in both Kangaroo and Kauri markets. The firm roadshowed in New Zealand on March 15 and 16 and Australia on March 17-19.
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Rapid bookbuild marks CFS's reopening of Australian CMBS market
Colonial First State Global Asset Management (CFS) priced the first Australian commercial mortgage-backed securities (CMBS) deal for over six months on March 18, with the leads claiming "heavy oversubscription" allowed an early close. The deal, for A$370 million (US$341.29 million), wholly refinances a June 2010 maturity from the same issuer.
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