News
University of Tasmania executed 2022’s first Australian dollar corporate green bond with the support of Asian investors – particularly one Japanese life insurance company – anchoring the outcome in a challenging market. Demand for the use of proceeds format also facilitated a volume upsize, deal sources reveal.
Hyundai Capital Services launched and priced a three-year Kangaroo bond on 11 March, moving quickly to execute Australia’s first corporate bond transaction of 2022 despite market volatility. The issuer suggests shorter tenor may have been key to successful execution.
The first green shoots of Australian domestic true corporate issuance appeared in the week ending 18 March, with two notable transactions. University of Tasmania priced a A$350 million (US$251.3 million) green bond and Toyota printed a A$150 million transaction.