Supra duo tap SRI Kangaroos

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By Frank Jackman
23 Jan 2020

Two supranationals hopped into the Kangaroo market with environmental, social governance (ESG) bond taps this week, in a move that is becoming increasingly popular. With a local holiday this weekend marking the end of antipodean summer, bankers expect Australian dollar issuance to restart in the next few weeks.

“The Australian bond market is receptive to sustainable and green instruments,” said a banker away from the deals. “Seeing these issuers opt to add liquidity and make green paper a more standard part of their arsenal in Aussie dollars is a good thing.”

Financial institution, and corporate issuers ...

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