Corporates chasing US issuance despite improving domestic conditions

Australia's domestic market slowly started to regain momentum in the first week in May with the completion of two bank deals. However, recent deal flow also demonstrates that, while domestic corporate bond issuance has reached new heights since the beginning of the year, the US alternative continues to offer certain issuers more favourable opportunities for funding in terms of tenor, volume and pricing, resulting in the first true corporate transactions after the holidays being placed offshore.