QNB’s debut Kangaroo displays issuer and market strength
In the wake of the Kangaroo market’s first inaugural issue for 2018, Qatar National Bank (QNB)’s debut transaction on 24 January, issuer and intermediaries say conducive market conditions and extensive investor relations provided the foundation for a successful outcome.
AOFM completes latest RMBS divestment auction
The Australian Office of Financial Management (AOFM) completed its 10th residential mortgage-backed securities (RMBS) divestment auction on 30 January, selling 100 per cent of the securities on offer. The total amortised face value sold was A$361.6 million (US$292.1 million) across five lines of RMBS originally issued by Bank of Queensland, Bendigo and Adelaide Bank (BEN), Macquarie Bank and Suncorp.
2017 market data review: Australasian deals in detail
KangaNews is pleased to make its full transaction list from the Australian and New Zealand debt markets for calendar 2017 – including Kangaroo, Kauri and Australian securitisation deals – available for the first time.
Kauri market continues to flourish with World Bank’s 2018 debut
The Kauri market’s revival at the start of 2018 continued throughout January, demonstrated by the highest volume for the month seen in several years. Intermediaries say to the renaissance has been driven by more favourable basis-swap pricing, asset growth, stability in the political backdrop and the ongoing hunt for supply.
Fundamentals align to produce a strong Kauri opening in 2018
The ability of Vodafone Group (Vodafone) to execute a sizeable Australian dollar transaction in short order and close to the end of a calendar year is testament to the further development of the local market, buy-side sources and intermediaries agree. The enhanced status of the Australian market is only emphasised by the issuer’s ability to print in scale without specific local premarketing.