Harmoney took advantage of ongoing limited supply of securitisation – and good-quality, diverse credit in all formats – in New Zealand to print its debut public deal. The issuer now plans to be a regular securitisation issuer at home and in Australia, while its arranger says the New Zealand market remains conducive to new supply in various formats.
The August revival in Australian dollar credit new issuance continued through the mid-point of the month, headlined by a new green-bond transaction by NBN Co and a Kangaroo return by NatWest Markets. Nonmortgage asset-backed securities supply also featured, with a debut Australian dollar deal from Avanti Finance and New Zealand activity from Harmoney.