News
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2023. At the end of another busy year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2023's most outstanding performers.
The week ending 1 December saw the Australasian primary market start to slow its issuance pace ahead of the year-end break. There was still time for new credit issuers to debut, with Mitsubishi HC Capital UK and the Australian Energy Market Operator bringing their first transactions. Elsewhere, International Finance Corporation priced an upsized A$700 million tap to its October 2028 Kangaroo line and nonbank lender Firstmac executed its second auto asset-backed securities deal.
At the start of the year, the US Securities and Exchange Commission issued the proposed Securities Act rule 192, prohibiting certain conflicts of interest in securitisation transactions. These new regulations will likely have an impact on Australian securitisation transactions with US investors – an impact which leading US law firm Mayer Brown discusses in detail in an article made exclusively available to readers of KangaNews and ASJ, the official publication of the Australian Securitisation Forum.Read the article by clicking here.The article was first published in the November 2023 edition of ASJ, the official publication of the Australian Securitisation Forum. Read the whole issue by clicking here.
Coles Treasury Group’s latest domestic deal hints at the potential of the Australian dollar market at the back end of what has turned into a solid but unspectacular year for corporate issuance. Coles bagged a jumbo book including ample long-end demand and its lead managers say other corporates are seriously considering the domestic market for issuance in the next post-reporting window.