La Trobe Financial
Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Australia’s nonbank financial institutions have enjoyed an unprecedented domestic funding bonanza in 2021 as circumstances have aligned to provide all-time record securitisation volume and the best pricing conditions since the financial crisis. Book growth and the return of competing supply mean the search for new liquidity pools is likely to move back up the agenda soon, however.
If 2020 was a story of resilience in the face of an unprecedented external shock for Australian nonbank lenders, this year has been about the return of growth in originations accompanied by perhaps the best-ever conditions in domestic securitisation. At a roundtable hosted by KangaNews and Natixis, issuers speak about their aspirations and funding consequences.
The Australian securitisation market is in the middle of another issuance deluge. Similar to the last concentration of deals, in March and April, a variety of issuers report strong demand producing record transaction volume and pricing. There is also more supply on the immediate horizon.
nonbank Yearbook 2021
KangaNews's sixth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.