News
The A$1.6 billion equivalent green loan recently completed by Vector Metering demonstrates the potential for use-of-proceeds financing to support energy transition and asset growth, deal sources say. The deal – the first in the world to come to market under updated Climate Bonds Initiative standards – could also in time be termed out in the green-bond market.
On 11 July, ANZ announced a swathe of new senior appointments to its global sustainable finance team. Katharine Tapley, head of sustainable finance at ANZ in Sydney, spoke to KangaNews about the makeup of the team, the relevance of key hires’ skill sets and how they align with the bank’s wider sustainable finance strategy.
Nearly three decades after the birth of the supranational, sovereign and agency Kangaroo market, the sector has grown and evolved despite multiple changes of demand drivers. Meanwhile, Kauri market development has been impressive but it will have to work through a new challenge to reach its next phase.
The 10th annual KangaNews survey of funding outcomes and expectations of international supranational, sovereign and agency issuers provides some valuable insights into a dynamic global funding market. The Australian dollar has been a significant contributor even as the range of currency markets accessed by issuers has narrowed. Meanwhile, sustainability-labelled issuance has cemented its place in the funding mix.
Some of the world’s leading issuers from the supranational, sovereign and agency sector took part in a virtual discussion about funding conditions and issuance approaches in mid-2023. The borrowers tell KangaNews the Kangaroo market has an increasingly structural role in their funding plans despite ever-changing demand dynamics. The New Zealand market, meanwhile, is facing up to a major regulatory risk event.
