Kauri surge threatens annual volume record
The Kauri market has been supporting significantly sized deals in recent weeks, illustrated by Asian Development Bank (ADB)’s most recent foray into the market. Pricing and demand fundamentals are currently coaxing supply from offshore issuers, with domestic buyers the primary drivers of demand.
Debt markets take the climate-change initiative
The race to save the planet is real. The science is grim – some say it is already too late to save our species. However, the fact that the transition to a low-carbon economy is as much an economic issue as an environmental one gives debt-market participants reason to be optimistic.
RMBS tenor extension a valuable addition to CommBank’s funding toolkit
Commonwealth Bank of Australia (CommBank)’s residential mortgage-backed securities (RMBS) deal, Medallion Trust Series 2018-1 (Medallion 2018-1), broke new ground in the Australian market with the three-year revolving facility supporting a longer-than-usual weighted-average life (WAL). The issuer insists this innovation adds a valuable tool to the bank’s funding options.
Qualitas shines a light on Australian real-estate investment
Andrew Schwartz, Melbourne-based group managing director at Qualitas – an investment manager active in Australian commercial property debt with A$2 billion (US$1.5 billion) of committed capital – shares a perspective on the commercial property as an investment destination. He discusses the future direction of the market and the advantages of debt over equity at the current point in the cycle.
Read more: Qualitas shines a light on Australian real-estate investment
AOFM cashes in on revived support for long-dated linkers
The Australian Office of Financial Management (AOFM) priced its largest treasury indexed bond (TIB) syndication since 2009 on 18 September, issuing a A$3.75 billion (US$2.7 billion) deal due February 2050. The government debt-management agency says a groundswell of demand from domestic fund managers as well as a degree of scarcity value drove the transaction.