TCV reveals A$45.8 billion 2020/21 total funding requirement
On 24 November, following the release of Victoria’s state budget, Treasury Corporation of Victoria (TCV) (AAA/Aaa) revealed a total funding requirement for 2020/21 of A$45.8 billion (US$33.5 billion). TCV has already raised A$26.3 billion of the total and expects its requirement to fall to A$26.7 billion in 2021/22.
New Zealand institutional bid firms for 10-year duration
Chorus took advantage of supportive conditions to print the year’s largest New Zealand dollar corporate deal ahead of a May 2021 maturity. The issuer says it was very confident it would be supported by retail and institutional investors, including at 10-year tenor.
AGIG’s consolidated funding vehicle rubber-stamped by market debut
Australian Gas Infrastructure Group (AGIG)’s recent domestic deal was the first under its new financing entity which incorporates assets well-known to the Australian market under one programme. It follows a consent-solicitation process and debt consolidation that have garnered significant efficiencies for the issuer.
Read more: AGIG’s consolidated funding vehicle rubber-stamped by market debut
US market participants take stock as the election dust settles
On 12 November, just a week after perhaps the most contentious and controversial election in US history, KangaNews convened a panel of US-based market participants to discuss the fallout as part of the KangaNews Debt Capital Markets Summit 2020 webinar series. The conversation covered the impact of a divided government, monetary and fiscal policy, and the US’s place on the world stage.
Read more: US market participants take stock as the election dust settles
Surfeit of green labelled demand puts QTC back on track
Queensland Treasury Corporation (QTC) tells KangaNews a disrupted market earlier in the year delayed its return to the green-bond market. Its latest transaction was greeted with a significant oversubscription and greater participation from offshore.