Kapstream Capital

Sunday, 03 January 2021
Dec/Jan 2020/2021

Reflect and reposition

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.

Monday, 02 May 2022
Apr/May 2022

Demand drivers rebalance Australian bank issuance to fixed-rate format

The fixed-rate component of major bank deals in Australia has been notably higher in 2022. Market participants highlight various possible causes, though the most influential may be the pricing in of a more aggressive rate hiking curve than credit investors believe the central bank will deliver.

Monday, 02 May 2022
Apr/May 2022

Australian credit market adapts to latest turn of the cyclical wheel

The Australian corporate credit market has shown resilience in 2022 despite heightened uncertainty and volatility. Inflation, rising rates and geopolitical risk – a potent mix that might once have led to Australian credit seizing up – have not stopped primary issuance. Participants at a Commonwealth Bank of Australia-KangaNews roundtable in April discuss the maturing Australian credit market’s pricing and deal execution value proposition.

Monday, 20 December 2021
Dec/Jan 2021/2022

Credit investors look beyond the horizon

Fixed-income investors expect to be tested further in 2022 as the beginning of a rising rate cycle looms. However, credit fund managers say solid corporate earnings from the last financial year and a robust forecast economic rebound should ensure an ongoing pipeline of opportunities.

Sunday, 05 December 2021
Dec/Jan 2021/2022

KangaNews Awards 2021: institution and deal winners announced

KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2021. 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 2021's most outstanding performers.

Monday, 06 December 2021
Dec/Jan 2021/2022 Corporate supplement

A decade of development

The KangaNews-Westpac Corporate Debt Summit debuted in 2011, with a relatively small audience and a market that could not yet take consistent supply of corporate bonds for granted. In the decade since, the event and the market have grown and diversified. By 2019 – the last year before COVID-19 put the in-person event on hiatus – registrations had more than trebled, to nearly 600, and the event’s agenda covered not just corporate debt but a raft of issues relevant to the economic and business environment.

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