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Global Reach. Local Expertise
KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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Deal and ratings review, week ending 9 July 2021
Deal activity in Australasian markets picked up in the first full week of the new financial year. Banco Santander priced a senior-preferred Kangaroo, Metro Finance issued an Australian dollar asset-backed securities transaction and Kiwi Property printed a senior-secured green bond.
Westpac NZ continues path to funding normality with euro deal
Westpac New Zealand returned to the euro market on 6 July, in its first offshore senior-unsecured issuance foray since the onset of COVID-19. The borrower says it saw a window of opportunity due to undersupply in the euro market at the same time as a tailwind from recent news confirming the bank’s future ownership.
