Online articles

• A record breaking evening from a magical evening of giving

  On Friday 15 November 2019, The Palladium at Crown in Melbourne provided the perfect backdrop for The Enchanted Ball - an annual event held to raise funds for life-changing medical research on behalf of the Financial Markets Foundation for Children. KangaNews was a diamond sponsor.

• Corporate Australia takes stock

  At the KangaNews-Westpac Corporate Debt Summit 2019, which took place in Sydney on 15 October, the Australian corporate market took stock of developments in the economy and capital markets at home and abroad. With another record attendance in 2019, the summit has become the leading forum for the Australian corporate debt industry.

• Depth more than breadth for Australian ABS

  Residential mortgage-backed securities (RMBS) have always dominated the Australian securitisation market. However, a bustling consumer-finance sector sparked a clutch of nonmortgage asset-backed securities (ABS) transactions in 2019. Meanwhile, market participants say they expect more volume growth from new issuers.

• Engagement and preparation set CommBank up for AONIA RMBS debut

  Commonwealth Bank of Australia (CommBank) believes it achieved all the objectives it set for its issuance of the first residential mortgage-backed securities (RMBS) deal to use the Australian overnight index average (AONIA) reference rate. The bank wanted to respond to regulatory guidance from the Reserve Bank of Australia (RBA) with a broadly distributed benchmark transaction that also provided capital relief.

• Familiarity, alignment of interest and liquidity top global investor’s securitisation needs

  Alessandro Pagani, head of the mortgage and structured finance team at Loomis Sayles in Boston, visited Australia in November to discuss the global securitisation market with local investors and to get an update on Australian structured finance. KangaNews sat down with Pagani to hear about the securitisation asset class in a challenging investment environment, the appeal of Australian assets and the...

• German state borrowers in Australian dollars - themes of the last 13 years

  In 2006, KangaNews and L-Bank hosted a roundtable to discuss the status of Germany, German regions, and the federal state issuers based in those regions, in global markets – including Australia. The years since have brought unprecedented upheaval, perhaps more so in Europe than anywhere else. Even so, German federal states – the länder– remain among the world’s highest-quality issuers. Two...

• Give and take

  New Zealand’s domestic banks have clarity on their new capital requirements following the conclusion of the Reserve Bank of New Zealand (RBNZ)’s consultation in early December. The RBNZ gave some concessions on eligible instruments and timeframe but market commentators still believe the new regime will have a greater impost than the regulator foresees.

• Investors on QE watch for 2020

  The prospect of QE in Australia has loomed ever larger over the market in 2019 as the Reserve Bank of Australia (RBA) has moved into an easing cycle and the cash rate has approached the zero lower bound with little sign of a significant economic rebound. At Australian Securitisation 2019 in November, prominent Australian debt investors cast their eyes over the likelihood of Australian QE, what a local...

• KangaNews Awards 2019: winners announced

  KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.

• Robust and evolving

  Australian Securitisation 2019 took place in Sydney on 18 and 19 November with market-leading commentary on the evolution of the securitisation market, including collateral, lending regulation and benchmark reforms. The Australian securitisation market is poised to enter the next decade in robust shape, reflected by a record registration for and attendance at the Australian Securitisation Forum’s annual conference.

• Time for a change

  More than a decade after the financial crisis, markets, central banks and governments are still trying to squeeze the new world into garments shed by the old – despite increasing evidence they’ll never fit. It is time to put aside bias and look at new solutions with an open mind.