Australian market proves reliable for DBS
Global market action in the lead up to DBS Bank Australia Branch (DBS)’s latest senior transaction had little effect on the outcome, the issuer says. With market momentum reviving in the week leading up to the deal, volume and pricing were another step forward for DBS in what has become an important funding market for the bank.
NTTC looks to long-dated funding for capex requirements
Northern Territory Treasury Corporation (NTTC) added another long-dated point to its curve on 15 August, with a A$500 million (US$363.1 million) May 2030 syndicated transaction. NTTC’s Darwin-based general manager, Alex Pollon, discusses strategy as the issuer seeks to fulfil the funding requirement of the government’s capital and infrastructure commitments.
Sustainable lending in focus as ING rolls out wholesale expansion in Australia
Sustainable lending is a key pillar of ING Bank (ING)’s plans to “significantly grow its wholesale lending business in Australia”, which will also have a focus on the bank’s strengths by sector and network capabilities. A local debt capital markets presence is not on the radar at present, though ING hopes to be increasingly involved in international debt issuance from Australia as its client base grows.
Read more: Sustainable lending in focus as ING rolls out wholesale expansion in Australia
CommBank scores as credit market sentiment rallies
Commonwealth Bank of Australia (CommBank)’s return to the domestic market with its largest-ever senior deal highlights a sharp recovery in sentiment over the past month, the issuer says. It also suggests its strategy of providing clarity on pricing and tranching prior to launch paved the way for the substantial volume outcome.
Green bonds dominate Australian impact-investment landscape
Green bonds make up more than three-quarters of Australia’s impact-investment asset class by dollar volume, according to a report published by Responsible Investment Association Australasia (RIAA). The report suggests that, at A$5.8 billion (US$4.3 billion) of committed funds, impact investment remains a niche market in Australia – but one that has experienced exponential growth.