Green securitisation on Australian radar, but likely a long-term project

The prospects for issuance of green securitised product in Australia are being explored on the back of a number of breakthroughs for green assets, including the growth of socially responsible investment (SRI), Australia's first green-bond issue and a landmark US securitisation from Toyota Financial Service (Toyota). But Australian market participants acknowledge that local asset-backed deal flow in green format is likely a distant prospect.