Domestic market provides competitive return for Brisbane Airport
Deal sources on Brisbane Airport Corporation (Brisbane Airport)’s recent domestic transaction – the issuer’s first in Australian dollars since October 2013 – say the transaction’s strong orderbook and tight pricing is proof of the Australian market’s continued competitiveness.
Issuer specifics continue to drive offshore market selection for Australian corporates
Recent deal outcomes for Transurban Queensland and Sydney Airport demonstrate the ongoing willingness of a range of international markets to provide liquidity to Australian corporate borrowers, deal sources say. While pricing outcomes vary, specific issuers’ funding strategies and the ongoing desire for investor diversification are at least as important drivers of market selection.
Eyes on Australia: Zurich Insurance Group
With a significant market share in the Australian individual life-insurance market after recent acquisitions, Zurich Insurance Group (Zurich) is going on a roadshow to Australian and Asian investors towards the end of April. Mathias Meisel, head of capital markets in Zurich, talks to KangaNews about the issuer’s Australian business and its funding plans.
View from the summit
The group of leading market economists gathered at the KangaNews DCM Summit discussed what appears to be an increasing range of risk possibilities for global economies. US protectionism, trade wars, and the future direction of rates and bond yields were on the agenda.
Global perspectives on banking-sector regulation
The majority of the heavy lifting spun out of the radical reshaping of the banking sector following the financial crisis may have played out, but conditions continue to shift. The KangaNews Debt Capital Markets Summit brought a pair of international bank funders together to share insights into the global landscape.