News
On 9 March, DBNGP Finance, the financing entity of Dampier to Bunbury National Gas Pipeline, issued an early redemption notice to the holders of its A$100 million (US$65.3 million), five per cent, fixed-rate notes due 1 October 2020 and A$25 million floating-rate notes due 25 October 2020. A statement released by the issuer says the notes will be redeemed in whole on 27 March 2020.
On 9 March, Metro Finance mandated Deutsche Bank and National Australia Bank to arrange a series of investor meetings in Sydney and Melbourne beginning 12 March regarding a potential auto and equipment asset-backed securities (ABS) transaction.
Australasian market deal activity came to a halt in the first week of March as the COVID-19 outbreak escalated. Commonwealth Bank of Australia completed the only deal of the week - a A$553 million (US$365.4 million) residential mortgage-backed securities refinancing.
B Corp certification assesses the overall positive impact of a company. Liberty Financial (Liberty) attained the accreditation on 3 March. James Boyle, the company’s Melbourne-based chief executive, talks to KangaNews about how it fits into corporate environmental, social and governance (ESG) goals.
Investa Property Group’s green-debt strategy has matured, bringing realised cost benefits, the A$500 million (US$330 million) milestone in green loans and the prospect of all future bank-debt refinancing coming in green format. The company’s Sydney-based general manager, corporate sustainability, Nina James, and head of corporate planning and treasury, Lisa Story, discuss the merits of the strategy and its execution.
The South Australian Government Financing Authority (SAFA) is responding to increased volatility by taking a nimbler approach to its funding task. Being open to opportunities is prudent in the current environment, the issuer states.
On 5 March, Commonwealth Bank of Australia launched its self-led Class A1 Medallion 2015-1 residential mortgage-backed securities (RMBS) refinancing. Total indicative volume for the deal is A$553 million (US$366 million), with pricing expected on the day after launch.