News
Wesfarmers returned to the euro market, for the first time in seven years, with a sustainability-linked bond, reaffirming its ambitious targets amid softer market conditions. The borrower opted to retain the same sustainability-performance targets from its June Australian dollar debut, a decision issuer and leads say investors welcomed.
World Bank reopened the intermediate-to-long end of the Kangaroo SSA primary market last week, pricing a A$800 million (US$586.8 million) dual-tranche, sustainable-development bond. The deal breaks with the market’s recent pattern of shorter-dated supply.
Auckland Council’s latest green-bond deal follows work over the last 18 months to increase its eligible assets pool. Satisfied with the volume achieved in the domestic market, the borrower says it is now planning to issue offshore in the format following a long absence.
