Telstra
Euro market continues to pay off for Australian corporates
Two more blue-chip Australian corporate borrowers have successfully printed deals in the euro market, despite not being eligible for the EU corporate-sector purchase programme (CSPP). Deal sources say euro investors are demonstrating ongoing appetite for high-quality corporate names.
Euro market to the fore for Australian corporates as demand rallies
Two Australian corporate borrowers accessed the euro market in the week beginning 18 March. Deal sources say Telstra Corporation (Telstra) and Scentre Group (Scentre) took advantage of the euro’s current status as the most competitive global funding option for Australian issuers to price 10-year deals, each with negative new-issue concessions.
Telstra prints A$300 million one-year domestic FRN
Telstra plans one-year domestic FRN
On 8 November, Telstra Corporation (Telstra) (A-/A2) mandated National Australia Bank and Westpac Institutional Bank for an Australian dollar denominated, one-year floating-rate note (FRN) transaction, with indicative price guidance of 60 basis points area over three-month bank bills. The lead managers are exploring expressions of interest and the offer may close at short notice.
Telstra unlocks Asian demand through debut Reg S-only deal
Telstra Corporation (Telstra) printed its first Reg S-only deal in November. The transaction is the tightest ever issued by an Australian corporate in the US dollar Reg S market, leads say, and garnered solid Japanese take up.
Corporate Australia makes hay
The KangaNews-Westpac Corporate Debt Summit returned to Sydney on 13 September, against arguably the most positive backdrop for Australian corporate bond issuance in at least half a decade. Now in its seventh annual iteration, the conference drew a record crowd for the fourth consecutive year.
