Green consumer finance expands in Australian ABS
The Australian market saw the pricing of a pair of green-labelled, consumer-finance asset-backed securities (ABS) on the same day – 22 October – in the middle of the local securitisation market’s busiest week of the COVID-19 era. Deal sources say the execution process allowed the deals to come in the hectic week, and that the green element was additive to demand.
NZDM settles into issuance rhythm
New Zealand Debt Management (NZDM) printed its fifth syndicated deal since the beginning of the COVID-19 pandemic on 28 October. The agency says it is settling into an issuance rhythm with record demand for bonds despite negative short-end rates.
Hopes high for immediate liquidity in new five-year ACGB future
The launch by the Australian Securities Exchange (ASX) of a new five-year Australian Commonwealth government bond (ACGB) futures contract is well timed to meet the needs of an evolving market and should therefore attract liquidity from listing, market participants believe.
State of rates: Australia's high-grade market in depth
On 22 October, KangaNews hosted the latest in the KangaNews Debt Capital Markets Summit 2020 webinar series. The session had a rates-market flavour, including a discussion between some of Australia’s leading market participants about how massively increased sovereign issuance, central-bank intervention and a raft of new dynamics will shape their sector.
Read more: State of rates: Australia's high-grade market in depth
ADB bucks Kangaroo blues to land biggest SSA deal of the year
Asian Development Bank printed the year’s first mid-curve benchmark new issue from a supranational, sovereign and agency (SSA) borrower in Australian dollars, on 27 October. The issuer says expectations of monetary policy easing have returned pricing to attractive levels.