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.
Money talks and so does climate change
The KangaNews Sustainable Debt Summit took place in Sydney on 3 April at a time in which the sustainable finance sector is being forced to reiterate its value and purpose. Market leaders say incorporating sustainability considerations into investment decisions is a necessity, not a choice – and the politicisation of the sector does not change why markets decided to address the issue in the first place.
Index inclusion could be another tier-two tailwind
Australian investors believe the proposed inclusion of tier-two debt in the Bloomberg AusBond Indices will provide a significant tailwind to demand for the asset class. A decision on index inclusion may be imminent though some market users say adding tier-two to indices many investors use for defensive purposes should not be a cut-and-dried affair.
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.
