Post-deal insights: Australian major banks benefit from US fast start but promise issuance diversity over the year
Issuers and arrangers of Australia's first major-bank benchmark issuance of 2016 say a well-established investor base across the US and Asia continues to provide appetite for Australian-origin deals. Following a heavy year of US dollar issuance from Australian banks in 2016 and with the new year off to a flying start, Australian banks are likely to continue to print substantial US dollar volume if investor preference remains unchanged – though they say issuance diversity will remain key.
Australia avoids immediate sovereign downgrade following mid-year update
S&P Global Ratings (S&P) stayed its hand on Australia's sovereign rating following the release of the Commonwealth's mid-year economic and fiscal outlook (MYEFO) on December 19. The rating agency maintains the negative outlook on Australia's triple-A rating, while both Moody's Investors Service (Moody's) and Fitch Ratings (Fitch) are retaining stable triple-A ratings on the Australia sovereign.
KangaNews Awards 2016: winners announced
Post-deal insights: Monash leads the way with Australia's first higher-education sector green bond
In the wake of its debut green transaction, Monash University (Monash) tells KangaNews the deal is a continuation of its commitment to developing an environmentally sound campus network. According to intermediaries, the US private placement (USPP) deal garnered more Australian dollar demand than usual for this format, including a major new investor.
Post-deal insights: new value in capital-relief securitisation sways equation for ANZ
In the wake of its return to public residential mortgage-backed securities (RMBS) issuance after a 12-year absence, ANZ Banking Group (ANZ) says the new shape of the regulatory matrix has finally made capital-relief issuance a cost-effective option. The issuer says it is encouraged by the investor response to its latest deal – including its substantial offshore distribution – and hopes not to be absent from the securitisation market for another extended period.