MUFG
USPP investors acknowledge competition – but issuers stay loyal
The US private placement market has arguably been the first choice for Australasian corporates’ capital-markets funding for many years. At a roundtable KangaNews and MUFG Securities hosted in Miami in January, USPP investors say they are aware that other funding options – including the Australian domestic market – are increasingly able to offer execution certainty, including at extended tenor. But they say USPPs still offer a compelling value proposition – and many Australia and New Zealand borrowers agree.
AMP launches A$500 million Progress 2024-1 RMBS
Registry Finance mandates inaugural domestic bond
AMP starts seeking IOIs for A$500 million Progress 2024-1 RMBS
AusNet takes the fast lane to market as domestic deal flow picks up
Significantly improved conditions allowed AusNet to execute its Australian dollar market return on an accelerated timeline compared with its 2023 transaction. The outcome aligned with the issuer’s expectations on price and volume, and secured its funding requirements for the year.
PACCAR prices A$250 million three-year deal
