Time to shine
For many supranational, sovereign and agency (SSA) borrowers, providing credit to aid economies through the COVID-19 crisis goes to the core of their purpose. Even those experiencing little impact on the lending side are now dealing with substantially changed capital markets.
Social embracing
Social distancing has been a key part of the global response to COVID-19 everywhere but debt capital markets, where social funding outcomes have come to the fore. As with most green, social and sustainability (GSS) bond developments, supranational, sovereign and agency (SSA) borrowers are leading the evolution of social issuance.
Australian market displays corporate hybrid potential in AusNet deal
AusNet Services Holdings pushed ahead with a hybrid-capital deal despite global market volatility rearing in the days preceding launch. Issuer and leads say support was secured from key accounts in advance but the deal also attracted plenty of bids from yield-hungry investors despite the challenging environment.
Convergence and divergence on key ESG debates
Debates around price, impact and social benefit in environmental, social and governance (ESG) investing have been quickly developing in recent years, and been further energised by the COVID-19 crisis. Commonwealth Bank of Australia (CBA) facilitated a discussion to get the latest views from issuers and investors.
Shinhan Bank presents its Australian dollar social-bond case
Shinhan Bank’s Kangaroo COVID-19-alleviation social bond demonstrates the possibilities for issuers outside the government sector to issue in the format in Australian dollars, issuer and leads say. Deal sources add their view that demand was bolstered by the social overlay.