News

APM Human Services International has executed what it believes is Australia’s first use-of-proceeds social loan via a unique structure that funds operating expenditure. The transaction refinances the newly listed company’s Australian dollar term loan B financing and preference shares, and can be extended if the group embarks on further acquisitions over the next 12 months.

Commonwealth Bank of Australia rode domestic support for its latest senior-unsecured transaction to a record orderbook. The multitranche bond surpassed the bank’s previous record print, from January this year, making the new deal the largest Australian dollar bank deal ever executed.