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For many years, King & Wood Mallesons has been committed to diversity and inclusion. The firm believes its people need to be as diverse as its client base so, in working closely with these clients, it can deliver a service that responds to and reflects their own diversity.
Record issuance of Australian dollar securitisation in 2021 has been driven by nonbank names, with a significant contribution coming from the growth in issuance of nonmortgage asset-backed securities deals. In September, BNY Mellon and KangaNews gathered a predominatly female group of sector experts to discuss market outcomes and the outlook in the latest phase of the pandemic.
Alexis Walker, branch manager and relationship management and strategy head, asset servicing and digital, Australia at BNY Mellon, has recently returned to Sydney after 12 years working overseas. Her international experience has shaped her view on Australia and its fast-changing finance industry.
Australasian deal activity in the second week of November included several highlights from the corporate sector, such as GAIF Bond Issuer's six-year print and green bonds from Mercury NZ and Contact Energy.
The New Zealand government has announced plans to commence issuing sovereign green bonds, with the first transaction slated for late 2022. New Zealand Debt Management says green bonds will become an “important and enduring part of the New Zealand government bond portfolio” alongside nominal and inflation-linked issuance.
Westpac Banking Corporation printed a bumper US$5.5 billion transaction on 8 November, a move it says continues its return to pre-pandemic term-funding operations. The deal comes as the market works through recent changes to the Australian banking complex’s funding dynamics.