News

ANZ Banking Group reopened the Australian dollar senior credit market with a jumbo transaction on 28 March, the issuer lauding the breadth and depth of support the deal received. But factors including a disrupted calendar in April and borrower needs mean issuance is unlikely to rebound to levels seen at the start of the year – especially as event risk remains elevated.

Following the settlement of its inaugural euro benchmark – which was also its second-ever green-bond transaction – NBN Co says issuing in a new jurisdiction should help refresh its global curve including a pricing impact in the US dollar market. The early signs were positive as the euro deal priced inside NBN’s US dollar bonds with a diverse book.