First Sentier debuts green loan to support infrastructure finance
First Sentier Investors has structured an A$750 million cash advance facility including a green tranche credit facility aimed at fund level financing - which the firm says is a first for the Australian market. The multilateral revolving credit line will be used in the firm’s Global Diversified Infrastructure Fund as short-term bridging finance between acquisitions and drawdown from the fund’s investors.
Sailing into the wind
The Australian Prudential Regulation Authority’s final guidance on a principles-based approach to ensuring financial institutions appropriately manage climate-related financial risk comes as a growing cohort of nations signal intentions to introduce mandatory regimes. Some observers compliment the Australian approach while others fear it could exacerbate jurisdictional divergence.
Ampol makes a quick return to hybrid issuance
Ampol’s recent hybrid transaction has fuelled expectations of further subordinated-debt issuance. While a handful of corporate-hybrid transactions have been issued since September 2020, deal sources say the latest transaction could be a promising sign of a more stable market.
KangaNews Awards 2021: institution and deal winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2021. At the end of another hectic year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2021's most outstanding performers.
Read more: KangaNews Awards 2021: institution and deal winners announced
Thinktank rejigs securitisation targeting greater volume
Thinktank Group will target mid-year execution for its next commercial mortgage-backed securities deal, reshaping its issuance programme to make way for further residential mortgage-backed deals. The change will also provide greater flexibility to judge market conditions, according to the borrower.