Latest News
For the second year running, ANZ and KangaNews hosted a roundtable discussion – this time in late September – to discuss conditions in the Australian secondary market and what trading realities say about macro trends.
Bolstered by a – for a time – record iron-ore price and a largely COVID-19-free existence, Western Australia has enjoyed a unique economic rebound in 2021. The state’s premier and treasurer, Mark McGowan, explains why the state government is keeping cautious budget and public-health policy settings in place.
HESTA was the first Australian superannuation fund to commit to a 2050 net-zero target and has also put in place a climate-change transition plan to obtain a 33 per cent reduction in portfolio carbon emissions by 2030. Mary Delahunty, head of impact at HESTA in Melbourne, talks to KangaNews about the fund’s sustainability strategy.
Australasian deal activity in the week ending 29 October was highlighted by sustainable finance, including GPT's green bond, Christchurch City's sustainability bond and the market's third sustainability-linked bond from APPF Commercial Finance.
Market talk is growing about a potential return to offshore issuance by Australian securitisation issuers – including some nonmortgage asset-backed securities – if supply continues to grow and spreads widen. Despite a record year and a strong October, some investors note recent and expected developments in the credit market could soften demand as issuers prep further deals to finish out the year.
Fixed-income traders and investors are increasingly using insights from trade data to inform decisions – from trade ideas to best-execution principles. Executives from Refinitiv and Yieldbroker explain why the data their firms’ tie-up provides could become even more important to the market in the next cyclical evolution.
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.
