KangaNews DCM Summit economic outlook webinar
The latest in the KangaNews Debt Capital Markets Summit 2020 webinar series included an outlook on the Australian economy and bond market approaching the end of a tumultuous year. Discussion focused on the scale of fiscal support still required, how central-bank stimulus will be deployed and the outlook for key indicators including the housing market.
Australia’s rejuvenated GSS pipeline delivers new issue for Lendlease
Lendlease Group printed its debut green bond on 20 October to become the first nonfinancial corporate credit to print labelled green, social and sustainability (GSS) product in Australia this year. The issuer tells KangaNews its financing strategy now aligns with the business’s strong green credentials.
Do Woori, be happy: sustainability bond success for new Korean Kangaroo
Woori Bank printed its first COVID-19-recovery Kangaroo sustainability bond on 22 October. Deal sources say earlier successful transactions from Korean-based issuers this year persuaded the bank to come to the Australian dollar market.
TCorp’s big book bolstered by domestic and offshore green bid
New South Wales Treasury Corporation (TCorp)’s November 2030 green-bond deal achieved wider distribution than any of its previous green, social and sustainability (GSS) bond forays, deal sources say. The issuer and leads say the deal benefited from latent demand for labelled product and other tailwinds supporting the semi-government market.
UOB Sydney adds more trophies to its Australian dollar cabinet
United Overseas Bank Sydney Branch (UOB Sydney) took advantage of attractive margins caused by the Australian market’s major bank supply gap to achieve the tightest-ever pricing for an Australian dollar five-year financial institution (FI) deal in its 20 October print.