The bank’s Australian dollar bond programme is due to swell to A$12 billion on the back of a favourable cross-currency swap and strong demand from Japanese life insurers.
A roundup of the latest syndicated loan market news.
Tony Schultz joins KKR as managing director in Sydney, a new position within the firm, while Ash Upadhyaya, currently with KKR in the US, will relocate to Singapore.
Australia’s second-largest lender is seeking to expand its Asian wholesale banking team, leveraging on strong trade flows between both regions.
Demand for food supply is pushing up the price of agricultural businesses in Australia where there are always more bidders than available assets, say M&A advisers.
The Australian oil and gas marine services provider started an accelerated bookbuild on Tuesday to help fund the $496m acquisition, which will almost double its vessel fleet.
Reduced bank appetite for corporate credit will prompt more Australian companies to issue in the bond markets, says Westpac’s John Chauvel.
FinanceAsia held its 11th annual Achievement Awards dinner in Sydney this week, honouring the winners of our 2013 awards in Australia and New Zealand.
With an eye on reducing the number of failed resources deals, Asian buyers are likely to focus on smaller targets which have a greater need for capital.
FinanceAsia is pleased to announce the winners of this year's Achievement Awards for Australia and New Zealand. A special presentation dinner will take place at the Park Hyatt in Sydney on February 4, 2014.
Australian banks enjoy stronger risk-adjusted profitability than other banks in the region but an extended period of low growth ahead is set to make it harder to earn a crust.
Investment banks are positioning their teams of M&A advisers to capture opportunities from a potential upswing in dealmaking across the Asia-Pacific region next year.