BEN shows pricing discipline as market conditions become more challenging
Bendigo and Adelaide Bank (BEN) focused on price discipline in its latest deal through more challenging market conditions. The issuer says investor support remained robust, allowing it to meet its volume target without having to reassess its pricing goals.
Premier RMBS scores for Resimac as demand conditions shift
Resimac says demand fundamentals remained sound for its return to prime residential mortgage-backed securities (RMBS) issuance via the Premier programme. The issuer highlights changing global demand patterns, however, and says it is prepared for more challenging funding conditions should they emerge.
Revise expectations to get comfortable with low-rate environment, says PGIM
While on a trip to the antipodes, PGIM’s chief investment strategist and head of global bonds, Robert Tipp, spoke to KangaNews about the realities of the low-rate environment and fixed-income investment strategy amid negative headlines and challenging market conditions.
World-first master-trust BNPL securitisation unzipped
The inaugural asset-backed securities (ABS) transaction from Zipmoney (Zip) is – according to the deal’s arranger – the world’s first-ever master trust securitisation of buy-now-pay-later (BNPL) receivables. The issuer says establishing the funding vehicle will provide it with flexibility and efficiency to support continued growth and that the debut deal was well received by investors hungry for diversified, high-yielding product.
ANZ cashes in as market continues to support jumbo bank issuance
Favourable domestic market conditions and strong investor support enabled ANZ Banking Group (ANZ) to print its second senior-unsecured deal in the Australian market for the year. The deal is the 10th ever senior-unsecured major-bank benchmark of A$3 billion (US$2 billion), four of which have printed in 2019 and eight since the start of last year.