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The US dollar Reg S market has grown significantly in its allure for Australian corporate borrowers in the last 18 months. With similar volume available at long tenor, Reg S could prove formidable competition for domestic issuance and other markets regularly used by Australian corporates.
S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.
The issuance trajectory of Germany’s federal states is price-positive, and issuers say there is no prospect of their presence in global capital markets evaporating in the foreseeable future.
Political stability has been a major selling point for German-origin bonds in recent times, as the country has been one of the most predictable in the developed world. The political currents for Germany may be changing, though – at home and abroad.
There is no obvious limit to the potential private debt-issuer base, though some company types are more obviously good fits. At this stage in the market’s development, a tangible asset base is key to getting maximum interest.
Anthony Pratt, executive chairman at Visy Industries (Visy), is a keen advocate for superannuation funds to work with banks to increase lending to Australian corporates. He argues that super funds are “awash with cash” but says comparatively little makes its way through to Australian businesses. He is championing a fix.
The development of a private debt market in Australia is largely a result of the superannuation industry being more responsive to corporate Australia and taking significant steps to build partnerships. Beyond the core, the range of potential buyers circling investment opportunities is growing.
The US dollar Reg S market has grown significantly in its allure for Australian corporate borrowers in the last 18 months. With similar volume available at long tenor, Reg S could prove formidable competition for domestic issuance and other markets regularly used by Australian corporates.
The US dollar Reg S market has grown significantly in its allure for Australian corporate borrowers in the last 18 months. With similar volume available at long tenor, Reg S could prove formidable competition for domestic issuance and other markets regularly used by Australian corporates.
The green-loan principles (GLPs) have been widely anticipated by sustainable-finance market participants, many of whom believe growth in this space could be a game-changer for the debt sector. The goal was to make the green-bond framework relevant to a wide group of borrowers.
S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.
S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.