Corporate market in full flight for Qantas
The return of 10-year issuance opportunities in the Australian corporate market brought another household name – Qantas Airways (Qantas) – to market on 20 November. Transaction sources say the deal had broad support domestically and abroad, and also featured a landmark for retail investor involvement in domestic debt-capital markets.
Long-term sustainability vision drives TCorp’s report and market return
As a growing group of borrowers become seasoned issuers in the green, social and sustainability (GSS) bond market, participants’ attention is increasingly turning to ongoing reporting on use of proceeds and sustainable assets. New South Wales Treasury Corporation (TCorp) took a lead position on reporting in October and followed a few weeks later with a second GSS bond.
Read more: Long-term sustainability vision drives TCorp’s report and market return
Improved certainty in unrated debt deals brings David Jones to market
Greater execution certainty for unrated corporate issuers in Australia encouraged South Africa’s Woolworths Holdings to explore public market issuance for its Australian subsidiaries, David Jones Finance (David Jones) and Country Road. The parent company was eager to diversify the debt funding of its Australian business into capital markets, in line with group funding strategy.
Familiarity, alignment of interest and liquidity top global investor’s securitisation needs
Alessandro Pagani, head of the mortgage and structured finance team at Loomis Sayles in Boston, visited Australia in November to discuss the global securitisation market with local investors and to get an update on Australian structured finance. KangaNews sat down with Pagani to hear about the securitisation asset class in a challenging investment environment, the appeal of Australian assets and the challenges of developing a broader collateral base for this market.
GSS capital a diversifier for ANZ in support of TLAC requirements
ANZ Banking Group (ANZ) intends to maintain its commitment to green, social and sustainability (GSS) bond issuance, having printed its first such deal in tier-two format in the euro market. The issuer says use-of-proceeds deals are as applicable to capital issuance as senior debt and can even help diversify the investor base as the bank fulfils an increased tier-two requirement.
Read more: GSS capital a diversifier for ANZ in support of TLAC requirements