News
Deal activity in the final full week of May was highlighted by National Housing Finance and Investment Corporation's 15-year sustainability bond in the Australian market and European Investment Bank's debut climate-awareness bond in Kauri format.
Westpac Banking Corporation visited the US dollar market on 25 May to print the first major-bank senior-unsecured term benchmark deal since the onset of the COVID-19 crisis. The issuer says market conditions and a desire to extend its maturity profile were key reasons for the transaction, adding that a return to something close to pre-crisis senior funding frequency is now coming into view.
Guardian Trust is implementing Moody’s Analytics’ ABS Suite to position itself for expected growth in the New Zealand securitisation market. The trustee says it intends to provide its clients with more insightful analytics and enhanced service offerings as a result of the tie up.