News
KangaNews has announced its Market People of the Year 2023, at the KangaNews Awards Gala Dinner in Sydney on 19 March. These are the individuals who voters in the KangaNews Awards 2023 believe went above and beyond to contribute to the development of the Australian and New Zealand debt markets. There are no restrictions on the firms, role or seniority of winners – voters were simply asked to consider who contributed most to the market in either or both 2023 specifically or across the span of a career.
The first few months of 2024 demonstrated there is ample appetite for high-quality corporate credit across global markets – including in Australian dollars, where new issuance has reached a record level. Market sources say US private placement investors are as keen as ever to access Australian-origin issuers. The question is whether those issuers will be willing to look beyond the domestic value proposition.
Attention in the Australian market turned back to financial institution issuance in the week ending 15 March. Highlights included a A$1.5 billion tier-two Kangaroo from HSBC holdings – which garnered a book of more than A$5.8 billion – and a return to benchmark issuance from National Australia Bank. Meanwhile, South Australian Government Financing Authority issued its inaugural sustainability bond.