News
On 22 September, La Trobe Financial launched its residential mortgage-backed securities (RMBS) deal, LFCMT 2020-S1. Total capped volume for the transaction is A$500 million (US$360.7 million) and is expected to price on the day after launch. National Australia Bank is arranger and joint lead manager alongside Macquarie Bank and Westpac Institutional Bank.
On 22 September, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched its new September 2026 line via syndication. Indicative price guidance for the forthcoming transaction is 24-27 basis points area over three-month futures contract. Pricing is expected on the day after launch, according to lead managers ANZ, BofA Securities, Deutsche Bank and J.P. Morgan.
On 22 September, Qantas Airways (Baa2) launched a A$50-150 million (US$36.1-108.2 million) increase to its October 2026 line. Indicative price guidance for the deal, which is expected to price on the day of launch, is 385 basis points area over semi-quarterly swap. Citi, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank are leading.
Three Sydney-based members of Westpac Institutional Bank (WIB)’s debt capital markets team speak to KangaNews about diversity and inclusion (D&I) in the Westpac group. They are Debbie Connelly, managing director and head of corporate and institutional origination and distribution, Eliza Mathews, director, sustainable finance, and Michelle Smith, associate director, corporate sales.
Resimac launched its dual-currency residential mortgage-backed securities (RMBS) deal, Premier Series 2020-1, on 21 September. Indicative total volume for the deal is A$750 million (US$542.2 million) equivalent, with the potential to upsize. The transaction is expected to price on 24 September.
The first-ever KangaNews Women in Capital Markets (WICM) Yearbook is being published during a pandemic. This crisis has turned on its head almost everything we – rightly or wrongly – recognised as a way of life before. While it is still unclear which COVID-19-induced changes will be permanent, there is greater opportunity for discussion about how we live and work. Gender inequality is high on the register.
On 21 September, Brighte Capital mandated National Australia Bank to engage investors regarding a potential Australian dollar denominated, asset-backed securities (ABS) transaction from its green trust programme. The programme comprises Australian unsecured green consumer loan receivables.
On 21 September, AMP Bank launched its Progress 2020-1 residential mortgage-backed securities (RMBS) deal. The indicative A$500 million (US$365.8 million) transaction, with the potential to upsize, is expected to price on 24 September. Deutsche Bank is arranger, and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank, MUFG Securities, National Australia Bank and Standard Chartered.
Linda Hutchison, executive director, institutional sales, and Anne McLeod, head of agency origination, at Commonwealth Bank of Australia (CBA) in Sydney, talk about their careers in finance and how gender equality has changed over this time as well as how the pandemic-induced shift to working from home could help further level the playing field.
Ashurst’s predominantly female capital-markets practice is testament to the firm’s strategy of increasing its number of female partners and leaders, and building its female talent pipeline. Three Ashurst partners, Caroline Smart and Jennifer Schlosser in Sydney and Jini Lee in Hong Kong, share their experiences.
While women make up more than 50 per cent of law students and graduate lawyers, they are underrepresented at partner level and in other senior legal roles. For many years, King & Wood Mallesons (KWM) has been committed to changing this.
On 21 September, Shinhan Bank (A+/Aa3/A) launched a new five-year, Kangaroo, Covid-19 alleviation social-bond transaction, offered in either or both fixed- and floating-rate note formats. Indicative price guidance for the deal, which is expected to price on the day after launch, is 100 basis points area over swap benchmarks. J.P. Morgan, Mizuho Securities and National Australia Bank are leading.