Simon Ireland serves in recently-appointed CFO Farhan Faruqui's former role, while the wider Asian leveraged finance and acquisition team prepares for increased deal activity.
The bank is Australia’s first to sell a bond linked to the UN’s sustainable development goals. It also helps with capitalisation in the event of another banking crisis.
The steepness of its curve lures offshore investors to the Australian Office of Financial Management’s fourth benchmark issue since the outbreak of the coronavirus pandemic.
Understanding what lies behind the mask is becoming ever more important as a wider variety of credits from across the region access the international bond markets.
Investors may need to display more cunning to navigate the Asian high yield bond markets during 2020 as the approaching Year of the Rat ushers in a heavy pipeline of redemptions.