Australian dollar
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◆ Lloyds prices first foreign subordinated debt in Singapore dollars since CS’s collapse ◆ Deal offers arbitrage versus G3 markets ◆ NatWest starts marketing senior Kangaroo -
Uptick in demand as Asian investors lured back to currency
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Singaporean bank captures large orders amid scarcity of Aussie supply, with more foreign lenders to follow
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◆ Offshore banks eye August and September window ◆ Aussie dollar pricing comparable to euro curves for some
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The focus will be on currencies other than dollars
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Deal brings this year’s Kangaroo issuance to over A$25bn
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Sovereign maintains its plan to make its green debut in mid-2024
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Dollars and Aussie dollars offered more competitive funding
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Key central bank policy meetings have cleared the air, but confidence is lacking
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◆ WA is the fourth Aussie state to issue a green bond ◆ More labelled Australian SSA issuance to come over the next year
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Cred Ag ends 10 year Kangaroo absence, BNPP rides its momentum
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Issuer looks to dollars, euros and, potentially for the first time, Canadian dollars to fund its remaining 2023 programme
