KangaNews Market People of the Year 2017 announced
The individuals recognised as the KangaNews Market People of the Year in the KangaNews Awards 2017 were revealed for the first time at the KangaNews Awards Gala Dinner in Sydney on 14 March. For the first time, the individual categories in the KangaNews Awards were open to participants across the Australasian debt markets, and the first group of winners reflects this new diversity.
Read more: KangaNews Market People of the Year 2017 announced
IADB’s Kauri return highlights long-dated investor interest
A rare long-end Kauri print, by Inter-American Development Bank (IADB) on 9 March, hints at potential future market development according to deal sources. With Kauri mid-curve issuance enjoying a renaissance so far in 2018, IADB’s transaction may indicate the possibility of an emerging longer-dated bid.
Local market-building goal to keep Auckland Council in New Zealand for green debut
Auckland Council plans to tap the New Zealand dollar market for its debut green bond during 2018, as the issuer aims to play its part in providing the supply needed to catalyse domestic funds growth. The council revealed on 7 March that it plans to become a green-bond issuer this year, though it is yet to develop detailed transaction plans.
Read more: Local market-building goal to keep Auckland Council in New Zealand for green debut
NZDMO syndicated deal capitalises on offshore demand
The New Zealand Debt Management Office (NZDMO) says that with the dust settling on the outcome of last year’s election, and New Zealand dollar market conditions remaining conducive, the time was right to issue its new April 2029 nominal bond. The transaction received substantial demand from offshore, resulting in the largest-ever book for a NZDMO syndication.
DBS’s tier-two Kangaroo avoids volatility to achieve tight pricing
Benchmark-sized tier-two Kangaroo issuance returned to the Australian market on 7 March, with DBS Group Holdings (DBS) pricing a deal that, according to the issuer, avoided the effects of global market volatility through a tight execution strategy and a groundwork of solid investor relations.