News

Speaking to dealers and investors in the wake of the 2021/22 Western Australia budget, the state’s premier and treasurer, Mark McGowan, reiterated his government’s commitment to a cautious path to reopening to the rest of Australia and internationally. Meanwhile, a cautious price forecast means Western Australia is confident the risks to budget outcomes are on the upside despite the recent precipitous fall in the value of iron ore.

Woolworths’ debut Australian dollar sustainability-linked bond proved popular with investors—the deal was more than four-times oversubscribed at its peak—which deal sources say further illustrates the market’s appetite for the asset class.

Australasian market activity in the week ending 1 October was highlighted by a handful of supranational and agency Kangaroo transactions into the three-year part of the curve and Woolworths' sustainability-linked bond - the Australian market's second-ever.

KiwiRail has completed the first-ever Climate Bonds Initiative certified shipping green loan, marking what deal participants say is an important development for a hard-to-abate industry for which the technology and fuel for decarbonisation does not yet exist.