La Trobe Financial takes the plunge with greater volume
La Trobe Financial tested the waters for greater volume in its latest residential mortgage-backed securities (RMBS) deal. The issuer achieved its record deal size and says improving credit quality and structural tweaks designed to meet specific demand helped increase the transaction’s appeal.
Read more: La Trobe Financial takes the plunge with greater volume
Antipodean central banks diverge on BIS green-bond fund commitment
The Bank for International Settlements (BIS)’s newly-established green-bond fund aims to help central banks incorporate environmental sustainability objectives in the management of their reserves. Antipodean central banks are increasingly sounding alarm on the risks posed by climate change, but so far only the Reserve Bank of New Zealand (RBNZ) has invested in the fund.
Read more: Antipodean central banks diverge on BIS green-bond fund commitment
FMA aims to facilitate GSS market in New Zealand – with suitable disclosure
The New Zealand Financial Markets Authority (FMA) says the purpose of its consultation on socially responsible investment (SRI) product is to foster a supportive regulatory environment while ensuring such product is appropriately labelled for retail investors in particular. Simultaneously, the regulator is also attempting to take a flexible approach to same-class exemption for green, social and sustainability (GSS) bonds.
Read more: FMA aims to facilitate GSS market in New Zealand – with suitable disclosure
MUFG Group’s green light for Australia
Improved relative pricing and a desire to diversify a substantial total loss-absorbing capacity (TLAC) requirement led Mitsubishi UFJ Financial Group (MUFG Group) to print its debut Australian dollar benchmark deal in September. The issuer is putting its green-bond-qualifying assets behind its TLAC programme in a bid to maximise the participating investor base.
John Deere sows seeds for greater Australian dollar volume
John Deere Financial (John Deere) priced its largest-ever Australian dollar deal in on 24 September. The issuer says deepening liquidity allowed it to fund a greater proportion of its Australian business locally and that it now has greater confidence on local volume.