News
The leading social event for the fixed income market in Australasia, the KangaNews Awards Gala Dinner, returned to the Ivy Ballroom in Sydney on 19 March. The dinner celebrated the achievements of the winners of the KangaNews Awards 2023, including the announcement of the KangaNews Market People of the Year 2023.
The Australian dollar corporate bond market has flattered to deceive in the past but in 2024 appears finally to be delivering on its potential, with record volume issued and some particularly eye-catching transactions in the books. Perhaps more significantly, the market appears to be winning over some issuers that were historically unwilling to test its capacity for large-volume, long-dated transactions.
Speakers at the ANZ-KangaNews New Zealand Capital Market Forum, which took place in Auckland on 21 March, believe the local market continues to offer opportunities despite the obvious challenges of an economy in recession. The everincreasing urgency of the energy transition, a significant infrastructure shortfall and the role of the fixed income market took centre stage in discussions.
The Young Women in Finance (YWF) group comes under the umbrella of the Institute of Finance Professionals New Zealand (INFINZ), an individual member-based industry body for professionals in finance roles and those working in New Zealand’s financial-sector ecosystem.
Sydney Airport navigated a significant upturn in market volatility to deliver a massively oversubscribed and competitively priced return to the euro market, the deal group says. European investors responded positively to the issuer independent of its recent successful return to Australian dollar issuance, with the domestic deal not even relevant as a comp for euro pricing.
In March, Eugene Grinberg, New York-based co-founder and chief executive of SOLVE, visited Australia around his firm’s sponsorship of the KangaNews Debt Capital Market Summit in March. Grinberg talked to KangaNews about how SOLVE’s offering is helping investors and dealers make sense of the deluge of pricing signals they receive and send to help promote price transparency even in some of global fixed income’s most illiquid and opaque asset classes.
