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.
KANGANEWS SUSTAINABLE FINANCE H2 2021
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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.