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.
A pair of Australian companies sold well-received 10-year bonds in the euro market last week, underscoring the overwhelming advantages of offshore markets for long-dated issues.
The New Zealand Local Government Funding Agency set a domestic record last week with its first syndicated bond sale, raising NZ$1bn (US$680m) from an enlarged five-year offering.
Virgin Australia gave Australia’s tiny high-yield bond market a lift on Tuesday with a A$250m (US$179m) 8.075% five-year non-call three issue that marked the biggest local offering from a Single B rated borrower.