A blockbuster book driven by offshore demand – and significant growth in the qualifying asset book – enabled CPP Investments to double the size of its first Kangaroo green bond in its second foray into the sector. Market dynamics made relatively short tenor the best option for the issuer, which in turn dictated the international skew of the orderbook.
The 2024 iteration of the KangaNews Fixed Income Trading and Research Poll marks a significant change in the landscape of market support. A new bank has risen to the top of the research landscape, while the results overall show much more volatility in outcome than has typically been the case.