John Weavers is IFR’s first Sydney-based senior reporter covering the Australian and New Zealand bond and securitisation markets. John previously worked for six and a half years in IFR’s London office heading the EEMEA region’s emerging market output. He has a 20 year career in financial journalism, including 10 years as senior bond reporter at Informa Global Markets and has been a regular contributor to the Economist Intelligence Unit and Latin American Monitor. John has an Economics degree from Warwick University and an MSc in Economics of Latin America from Queen Mary College, University of London.
Fears of an impending Australian housing crash resurfaced last week after Moody’s downgraded the country’s Big Four lenders, though the market response was notably muted.
Westpac (Aa3/AA–/AA–) raised US$1.5bn from a dual-tranche five-year SEC-registered bond offering on Wednesday, with a syndication manager reporting no investor pushback whatsoever as a result Moody’s downgrade on Monday.
Aurizon Network, rated Baa1/BBB+ (Moody’s/S&P), attracted an impressive order book of over A$1.45bn (US$1.09bn), from more than 100 accounts, for Wednesday’s A$425m sale of seven-year medium-term notes.