After hopefully overcoming the worst of the COVID-19 pandemic, the Australian securitisation industry is taking stock of a period of resilience and a reshaped competitive landscape. Top of mind for market participants are the way crisis response has changed the cost of funding unevenly for different issuer types and mooted changes to responsible-lending rules.
An increasing number of studies link gender diversity with sustainability ambition. In October 2022, Clean Energy Finance Corporation, the Australian Sustainable Finance Institute and KangaNews hosted senior industry leaders to examine this relationship.
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2022. At the end of another hectic year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2022's most outstanding performers.
The Westpac-KangaNews Corporate Debt Summit returned to Sydney as an in-person event on 20 October, at a fascinating juncture for the sector. After an unprecedented change of direction for monetary policy, painful market conditions for credit investors and a new-issuance slump, it would be easy to imagine an atmosphere of gloom. However, while acknowledging significant challenges in the near term, many speakers at the event suggested a difficult 2022 could be preparing the ground for a more healthy local credit market in the years to come.
Financial Kangaroo issuance – particularly from Canadian and European borrowers – has rebounded in 2022. Coöperatieve Rabobank recently joined the fray, noting that the Australian dollar market offered volume it was seeking for tier-two capital issuance at a sound price.
In late September, ANZ, KangaNews Sustainable Finance and Pollination Group brought together prominent sustainability investors and corporate issuers to discuss emerging challenges in sustainable finance and how to solve them. Reporting standards, greenwashing risk, natural capital and biodiversity, and the danger of being overwhelmed as more areas are added to the sustainability mix top the list of challenging issues.