KangaNews Fixed-Income Research Poll 2016: results announced
KangaNews is pleased to present the results of its 2016 Fixed-Income Research Poll. This is the only independent, specialist poll of fixed-income investors' views on relevant research in the Australian market. This year marks the sixth consecutive year the poll has been running, and the 2016 response – more than 70 legitimate votes were received from qualifying institutional investors – was a record.
Read more: KangaNews Fixed-Income Research Poll 2016: results announced
Post-deal insights: Coca-Cola gives nod to Australian dollar investors following Kangaroo debut
The Coca-Cola Company (Coca-Cola) credits the support it received from local and regional Australian dollar investors for the pricing and volume success of its debut Kangaroo transaction. The issuer printed A$1 billion (US$722.6 million) on June 1, across four- and eight-year maturity tranches.
Post-deal insights: Port of Brisbane and its leads see latest deal as a domestic-market myth buster
Lack of deal flow, new protocols around pre-deal disclosure, single-name exposure limits and execution risk: all factors that Australia's latest corporate issuer and its lead managers insist are categorically not barriers to large, cost-effective domestic deals. Port of Brisbane printed A$250 million (US$179.3 million) of new seven-year paper with an oversubscription of more than two times.
Post-deal insights: global peers light the way to Australia for Coca-Cola
The latest Kangaroo corporate deal to price demonstrates the growing faith global issuers have in the Australian dollar market even in the near absence of domestic supply, its leads claim. Meanwhile, investors say the A$1 billion deal printed by the Coca-Cola Company (Coca-Cola) on June 1 offered fair value. They also hail the emergence of Kangaroo deal flow to fill the domestic corporate gap.
Exclusive state treasurer insights: Victoria's long-term infrastructure focus
Speaking exclusively to KangaNews, Tim Pallas, treasurer of the state of Victoria, discusses the state government's decision to place its infrastructure programme on a 10-year cycle to reduce political risk. Pallas also offers his insights into Victoria's fiscal strength, how the state government thinks about financial headroom and funding issues including the potential role of green bonds.