Laminar Capital
Competition at risk as fintech lenders potentially slip through the cracks
COVID-19 has thrown up challenges even for the most established capital markets borrowers. The crisis is particularly acute for newer financial institutions with shorter track records and smaller asset books. Government support should help, but a protracted downturn could make survival of the fittest a best-case scenario.
Wider ripple from new small bank liquidity rules
The Australian Prudential Regulation Authority’s plans to uplift liquidity rules for a swathe of smaller local banks is likely to shake up the sector once more, market participants say. The increased cost of funding liquidity books and likely loss of demand for their wholesale debt instruments may be enough to spark further consolidation among financial institutions with smaller and less established capital markets presence.
QBank prices A$18.5 million three-year FRN
Illawarra Credit Union prints A$20 million three-year FRN
QBank prints A$15 million three-year FRN
Pricing details for Auswide's A$43 million senior-unsecured FRN
