News
National Australia Bank says its euro green bond will support its fast-growing green financing book. The bank updated its green-bond framework in April as it targets a wider range of clients with innovative sustainable financing products, such as loans to the agricultural sector.
Air New Zealand's dual-tranche print was the highlight of Australian deal activity in the week ending 20 May, while the flow of securitisation transactions continued. Asian Development Bank issued in the Kauri market with another gender bond.
Asian Development Bank notes a rebalancing of demand for its latest Kauri gender bond, with solid local interest driving a successful placement despite reduced offshore demand. The supranational has already printed its largest annual volume in the Kauri market off the back of this second jumbo trade.
ING Bank Australia leaned on European and UK investors to place the seven-year tranche of its latest covered bond, the first Australian dollar deal in the format to feature this tenor since 2005. The issuer says the maturity attracted new investors and supported successful execution.
