News
National Australia Bank’s latest domestic print illustrates the scale of ongoing demand for senior bank debt among local investors, the issuer says. The deal was Australia’s equal largest credit transaction of all time, matching an October print by ANZ Banking Group. With plenty of liquidity on offer the close timing aided price discovery.
A handful of deals printed in the Australasian primary markets in the week ending 25 November, the highlight of which was National Australia Bank's A$4.75 billion (US$3.2 billion) senior-unsecured transaction. Firstmac also printed its debut auto asset-backed securities deal.
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2022. At the end of another hectic year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2022's most outstanding performers.
Transpower New Zealand returned to the Australian dollar market for the first time since 2014 for its latest green-bond transaction, banking on latent demand from local buyers to help diversify the borrower’s investor base. Transpower says limited Australian domestic corporate issuance was a concern but local investors ultimately provided a substantial oversubscription.
The combination of tighter margins and the depth available in the 144A market supported ASB Bank’s second US dollar trade this calendar year. Deal participants say the transaction drew strong interest from Asian accounts, which were attracted by the diversification and high quality of New Zealand bank credit.