Westpac Banking Corporation’s latest Australian dollar transaction helped it to meet the group’s tier-two issuance target for the remainder of its 2023 financial year, having outlined an expectation of A$2-3 billion during its half-year results in May. The borrower says record final volume was not the base case expectation but not a complete surprise, either, given the coupon on offer.
NRW.BANK has opened a new social bond in the Kangaroo market. The issuer had hoped for stronger domestic investor support for the labelled bond, after undertaking two sets of investor meetings in Australia since September last year. Central banks were the main buyers – attracted to the three-year maturity, according to the issuer.