News

Ausgrid’s return to the US private placement market for a second jumbo transaction indicates the inrease in optionality for issuers in this sector, deal sources say. The multitranche deal is notable for the inclusion of Canadian dollar and sterling notes – from which the issuer derived a pricing benefit – which further highlight the scale of potential demand for Australian corporate credit.

Avanti Finance has taken advantage of a key strategic acquisition, consumer demand and a changing financier market to deliver growth in its Australian auto book. It has now priced its first local auto asset-backed securities deal, and says it plans regular issuance from this programme as well as New Zealand auto securitisation.