Sustainable debt today and tomorrow
Sustainability in the debt market is already too big a subject to ignore. To close the first-ever full-day KangaNews Sustainable Debt Summit, which took place in Sydney in March, a panel of market specialists discussed the purpose and prospects of their sector.
The QE unwind in action
Many market participants believe quantitative tapering (QT) in Europe is edging closer. The KangaNews Debt Capital Markets Summit gathered a panel of experts to discuss impacts for global markets – though the consensus is that the pace of the reversal is likely to be slow and steady.
Scentre navigates volatile backdrop to open its 2018 account in euros
In the wake of the first euro-denominated Australian-origin nonfinancial corporate transaction of 2018, issuer and lead managers share in-depth insights into execution strategy in arguably the most volatile global backdrop seen in several years. Flexibility is key, and execution certainty should be the most pertinent consideration for issuers as the balance of power shifts back to investors.
Business evolution leads to Caltex’s strong market return
Caltex Australia (Caltex) says its business has undergone a substantial transition and the Australian corporate bond market has developed significantly since its previous debt-market foray, in 2012. The successful execution of Caltex’s capital market return is testament to both, the issuer and its lead managers claim.
USPP market triumphs for Tabcorp’s acquisition refinancing
With Tabcorp having been absent from capital markets since 2012, Stuart Roe, Tabcorp’s Melbourne-based general manager, corporate finance, discusses market selection in the wake of the company’s return. The US$1.4 billion US private placement (USPP) deal, priced in the early hours of 23 March, is the second-largest USPP by an Australian-origin issuer, according to KangaNews data.