Kapstream Capital
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.
Sustainable debt market reaches for higher branches
For the past five years, Commonwealth Bank of Australia and KangaNews have conducted an annual survey of Australian fixed-income investors on their views of the key issues in sustainable finance. The 2024 survey shows investors are facing a range of challenges in the sector – hurdles the market will need to overcome if it is to deliver on its potential and maximise the amount of capital it can mobilise to support the transition.
A decade of Australian dollar GSS issuance: buy-side progress report
One of the main hopes when the first Australian green bond came to market was that demand would evolve to support – or even require – exponential growth in labelled issuance. While this has not come to pass, investor strategies for incorporating sustainability in fixed-income investing have evolved significantly. KangaNews speaks to a range of investors, from specialist funds to the largest mainstream asset managers, to get a perspective on a decade of development and the outlook.
KangaNews Awards Gala Dinner 2024
The leading social event for the fixed income market in Australasia, the KangaNews Awards Gala Dinner, returned to the Ivy Ballroom in Sydney on 19 March. The dinner celebrated the achievements of the winners of the KangaNews Awards 2023, including the announcement of the KangaNews Market People of the Year 2023.
Confidence grows on baseline reliability of Australian corporate market
A few months into 2024, there can be no doubt that the Australian dollar market is demonstrating an all-time best level of demand for corporate transactions, including investor diversity and appetite for extended tenor. Discussion at the KangaNews Debt Capital Market Summit, which took place in Sydney on 18 March, turned to the prospects for this level of support to remain available consistently in future.
Securitisation builds an audience for its diversity story
The Australian Securitisation Forum’s 2023 annual conference attracted a record number of delegates – well over a thousand attended – and offered its most wide-ranging agenda ever. The securitisation industry has navigated higher rates and increasing global uncertainty well to date, with record volume printing in 2023 and a notable uptick in collateral diversity. The road ahead may be tricky but the market is facing it with confidence.
