News
Pre-deal investor engagement, transparency on pricing and volume, and improved market tone helped ING Bank Australia print its largest-ever securitisation deal as it ramps up issuance ahead of a substantial term funding facility refinancing. Deal sources say locking in bids ahead of pricing is an increasingly common feature in securitisation deals as issuers seek to manage potential volatility during execution.
Another robust outcome for an Australian securitisation deal – Brighte’s return to the public capital market – demonstrates demand that should fuel a supply pipeline for the rest of the calendar year, deal sources say. Brighte ran an open execution process without pre-placement of bonds and still found investor interest across the capital stack.
