News
National Australia Bank returned to the offshore term funding market at the start of the year after electing to stand back from more turbulent markets in Q4 2021. The bank says positive results in the sterling covered-bond and US dollar markets further demonstrates a constructive new-issuance environment.
Commonwealth Bank of Australia has set a wider new-year pricing benchmark in the Australian dollar market but was rewarded for its willingness to meet the market on price with a jumbo book and record final volume. The issuer says the print reflects a constructive tone in the local market and that regulatory change has not negatively affected Australian dollar demand.
Jemena says the green element of its latest round of debt refinancing was key to investor interest, with the use-of-proceeds model attracting demand to the issuer’s recent private placement and syndicated loan deals. The late 2021 transactions represent the company’s first foray into green finance, a tool it expects to develop in future transactions.