John Weavers is a Senior Report at International Financing Review based in Sydney where he covers the Australian and New Zealand bond and securitisation markets. John joined IFR in London in 2004 as senior reporter responsible for emerging markets, before transferring Down Under in 2011. Before IFR, he was a senior reporter for Informa Global Markets, having previously written for the Economist Intelligence Unit and Latin American Monitor. John has a BA in Economics from Warwick University and a MSc in Economics of Latin America from Queen Mary College, University of London.
Macquarie Group (A3/BBB/A–) tackled a challenging market backdrop to sell a US$1.75bn three-part 144A/Reg S bond through a blue-chip line-up of US bookrunners, comprising Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan and Wells Fargo, as well as the issuer’s own syndication team.
New Zealand attracted a record order book in excess of NZ$5bn (US$3.7bn) for its first syndicated sovereign nominal bond offering in 19 months last Tuesday as investors fought for a slice of the scarce government paper.
Pent-up investor demand has fuelled a rapid start to the year in New Zealand’s Kauri bond market, with five regular Triple A rated supranationals and agencies making visits in January followed by two further trades on February 2 to take year-to-date issuance up to A$2.8bn (US$2.04bn).