National Australia Bank
Australia’s credit market has seen a pickup in supply of capital instruments, including a clutch of corporate hybrid transactions. The KangaNews Debt Capial Markets Summit 2020 webinar series included a session on additional capital, which focused on supply dynamics, demand drivers and the ever-present tension between retail, wholesale and true institutional participation.
The Australian Office of Financial Management is encouraging lenders to find new investors for positions in warehouses it has held in the Structured Finance Support Fund established in response to COVID-19. While warehouse demand is robust, market sources say it could be tested as more supply hits the market.