Australian market offering panoply of asset class activity

Diversity returned to the Australian market in the past week following a period of low issuance, with the two market staples of recent times – big four bank and supranational, sovereign and agency (SSA) Kangaroo issuers – virtually silent. Primary volume has instead been driven by true corporates, a large deal from a local branch of an international bank, and the sub debt and residential mortgage-backed securities (RMBS) markets.