News

All eyes were on Bank of Queensland’s latest five-year senior-unsecured transaction as the secondary-market curve widened in the wake of changes to the committed liquidity facility announced last month. The issuer tells KangaNews demand for the deal was above expectations, with strong participation from real-money investors.

Securitisation flow in the Australian market was the highlight of the week with six transactions, while Bank of Queensland printed the first five-year, senior-unsecured bank deal since changes announced to the committed-liquidity facility.

KfW Bankengruppe’s most recent tap took the issuer to its largest volume issued in the Kangaroo market since 2015, including its record for Australian dollar green-bond issuance. The agency says it is optimistic about future Kangaroo issuance prospects, noting incremental demand for green bonds and improved economics in the near term and over the course of the year.

New Zealand’s External Reporting Board has embarked upon a consultation with business on the first part of the standards underpinning the country’s mandatory climate-reporting legislation. The reforms – closely aligned with the Task Force on Climate-related Financial Disclosure recommendations – is making its way through parliament, though concerns about international compatibility remain.