News

Stockland Trust says it achieved what it set out to in its first domestic primary transaction since March 2021. The seven-year deal met pricing and volume expectations though the borrower notes the level of oversubscription was not as high as anticipated. Deal participants say investors have money to put to work but remain cautious about the macroeconomic environment.

The Australian Office of Financial Management’s December 2034 syndication – its first bookbuilt transaction this calendar year – attracted a more than four-times oversubscribed book and broad global demand. The issuer says it was important to send a message about local capital market functionality as volatility continues to ease.