EUROFIMA to visit Aussie and Kiwi investors
The European company for the financing of railroad rolling stock, EUROFIMA (AAA/Aaa), will roadshow to Australian and New Zealand investors towards the end of October. TD Securities is arranging the roadshow, which starts in Sydney on October 21.Macquarie slams report of forthcoming funding troubles
Macquarie Group has strongly denied a newspaper report in Australia saying it is likely to struggle to meet its refinancing requirements over the next six months. The bank claims in an Australian Securities Exchange (ASX) announcement that the claims are inaccurate and were made without giving Macquarie right of reply.QTC prices Kauri tap but basis still tough for offshore names [UPDATED]
Queensland Treasury Corporation (AAA/Aaa/AAA) (QTC) priced a NZ$175 million (US$114.56 million) increase to its 2017 Kauri bond on September 12. However, a negative trend in the New Zealand basis continues to make conditions difficult for offshore issuers outside Australia.Struggling FIs have nearly A$20 billion of Australasian debt
The financial institutions (FIs) closest to the most recent wave of market turmoil have just short of A$10 billion (US$8.01 billion) outstanding in the Kangaroo market with almost A$7 billion also borrowed by HBOS through its Bank of Scotland Australia subsidiary.KBN to roadshow in Australia and New Zealand
Kommunalbanken Norway (AAA/Aaa) (KBN) will be roadshowing in Australia and New Zealand the week beginning September 22. Thomas Møller, executive vice president and chief financial officer at KBN in Oslo, confirms that RBC Capital Markets will be hosting the Australian leg of the roadshow, while ANZ is arranging the meetings in New Zealand.