Bluestone prints NZ$250 million RMBS deal
- Thursday, 02 December 2021
KANGANEWS SUSTAINABLE FINANCE H2 2021
KangaNews is proud to share cutting-edge information from the global and Australasian sustainable debt market.
nonbank Yearbook 2021
KangaNews's sixth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
Related news
Activity review: filling the void
The lingering impact of fiscal stimulus continued to support a structurally altered Australasian debt market in 2021, transaction data from the KangaNews deal database show. Corporate and securitisation issuance capitalised on the absence of major-bank supply, while sustainability-aligned deal flow reached new heights.
Offshore securitisation back on the menu for nonbanks
Market talk is growing about a potential return to offshore issuance by Australian securitisation sponsors – including some nonmortgage asset-backed securities – if, as expected, issuance needs remain high while domestic market tailwinds abate. Australian investors note recent and expected developments in the credit market could soften demand and issuers are already starting to venture offshore once more.
Credit investors look beyond the horizon
Fixed-income investors expect to be tested further in 2022 as the beginning of a rising rate cycle looms. However, credit fund managers say solid corporate earnings from the last financial year and a robust forecast economic rebound should ensure an ongoing pipeline of opportunities.
