News
In one of the last primary transactions to price in the Australian dollar market before the collapse of Silicon Valley Bank put new credit issuance on hiatus, Angle Asset Finance found interest from European and Asian investors in its latest securitisation deal. The issuer says it marketed the deal – its second ever – broadly, which helped increase size over its 2021 debut.
The Australasian primary bond market has yet to show signs of fatigue as new issuance continued at a breakneck pace. Three more global financial issuers made their way to the Australian market including a senior-preferred trade from Nationwide Building Society, a covered bond from Toronto-Dominion Bank and a six-year non-call five-year senior-unsecured deal from Lloyds Banking Group. In New Zealand, Meridian Energy printed the domestic market’s first green bond of the calendar year while New Zealand Debt Management also issued its first syndication for 2023.