Aurizon Network returned to the Australian dollar bond market to term out bank debt taken on during the COVID-19 crisis. The issuer tells KangaNews discussions of the pandemic’s impact were more prominent than environmental, social and governance (ESG) questions in the deal process, while the issuer maintained support from the domestic and regional investor base.
KANGANEWS SUSTAINABLE FINANCE H2 2021
KangaNews is proud to share cutting-edge information from the global and Australasian sustainable debt market.
Related news
Early timing ensures Toyota Australia’s euro success
Toyota Finance Australia says executing at the very start of the year was a key aspect of its return to the euro market after an almost two-year hiatus, as it aimed to price before deal flow picks up in the weeks ahead. The issuer priced €1.15 billion (US$1.3 billion) of three- and six-year bonds on 5 January, a notably early start for Australian corporate issuance.
Activity review: filling the void
The lingering impact of fiscal stimulus continued to support a structurally altered Australasian debt market in 2021, transaction data from the KangaNews deal database show. Corporate and securitisation issuance capitalised on the absence of major-bank supply, while sustainability-aligned deal flow reached new heights.