News
Ausgrid Finance’s euro market return continues its ambition to term out bank debt since privatisation in 2016. Deal sources say the transaction, and Ausgrid’s intentions to be a regular issuer into the market, received significant investor interest.
On 30 September, KommuneKredit (AAA/Aaa) announced plans for a potential Kangaroo transaction. Nomura, RBC Capital Markets and TD Securities are mandated to engage investors.
Westpac Banking Corporation’s return to residential mortgage-backed securities issuance, a A$1.2 billion (US$876 million) funding-only deal, matched the tightest pricing for the asset class in Australia since the financial crisis despite a recent flurry of issuance. The bank says it is returning to a wholesale funding profile similar to its pre-crisis norms, with a consequent expectation of using diverse issuance options.
