The Australian primary market continued to perform well in the week ending 17 February, printing a total A$7.3 billion (US$5 billion) in new deals between a range of semi-government, financial, supranational, sovereign and agency issuers. The securitisation market also kept at pace, with Columbus Capital, Liberty Financial and Pepper Money all pricing upsized transactions. In New Zealand, Wellington International Airport set the margin on a NZ$75 million (US$46.7 million) trade.
New South Wales Treasury Corporation highlights a material pickup in offshore participation in its latest syndicated bond offering, as investors globally flock back to the fixed-income market. The issuer says outright and relative yield helped drive the orderbook.