Avanti Finance
New opportunities for New Zealand securitisation
A more optimistic tone has emerged in New Zealand’s securitisation market on the back of two primary-market transactions and the emergence of a potential large-scale new issuer. The tone is markedly different from the first half of the year, when market participants did not expect to see deal flow in 2020.
Diversity outstrips volume in New Zealand securitisation
Market participants speaking at the second-ever New Zealand Securitisation Forum reflected on the gains the market has made in the last decade. While collateral diversity has increased, issuance volume and frequency lags as regulatory uncertainty and the economic climate continue to create headwinds.
Nonbank issuer profiles and perspectives 2023
Key data and information on 33 nonbank lenders active in Australia and New Zealand including programme information, funding strategy, debt data and issuer insights.
Securitisation finds its role in New Zealand despite near-term headwinds
Participants in the New Zealand securitisation market believe the asset class has an increasing role to play in the local credit landscape on the back of growing momentum in recent years. Economic and regulatory challenges are likely to put a ceiling on near-term growth but there is a baseline level of confidence in asset quality and the risk-return equation of structured finance.
Securitisation sets flight path to minimise turbulence
The Australian and New Zealand securitisation sector has grown significantly in recent years, driven by a proliferation of nonbank lenders. With rates rising for the first time in years and an economic downturn on the horizon, the market is readying itself for ongoing challenges. But participants at the Australian Securitisation Forum’s annual conference, which attracted a record attendance to Sydney at the end of 2022, say the industry is well positioned to manage them.
Securitisation industry readies for touchdown with hopes for soft landing
Participants in the Australasian securitisation industry are realistic about the forthcoming impact of rate rises. But credit fundamentals that have so far surprised on the upside and a functional if challenging funding market give hope that the next phase will be manageable. Meanwhile, upheaval in the UK investor sector could pave the way for an enhanced global bid for Australian product in the medium term.
nonbank Yearbook 2024
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
