Deal and ratings review, week ending April 5 2012

After a busy March took first quarter Australian dollar issuance volume to record levels, April opened with much more subdued deal flow in the Australian market and no public activity at all in New Zealand. The first week of the new quarter saw just three Australian deals price – two Kangaroos and a rare triple-B corporate transaction – for a total volume of A$800 million (US$824.9 million).