News

Supranational, sovereign and agency issuers were the main players in the Australian primary market in the week ending 5 May, though National Australia Bank's A$5.25 billion (US$3.5 billion) three- and five-year senior print was the largest single deal. In New Zealand, Kiwibank priced a NZ$200 million (US$126 million) 10-year non-call five-year tier-two transaction and International Finance Corporation tapped its December 2029 Kauri.

Western Australian Treasury Corporation will begin a global roadshow in late May ahead of its planned debut green-bond transaction, with the state funding agency highlighting the interoperability advantages of a largely government-owned asset base. Labelled bond issuance will be limited by the relatively small size of the state’s funding need rather than availability of qualifying assets.