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Macquarie University has plumped for full disclosure of the KPIs in its inaugural sustainability-linked loan, acknowledging that such an approach introduces reputational risk should it miss its targets but arguing that accountability is more important. The loan structure also takes steps toward tackling sustainability factors that are currently harder to measure.

Bank of Queensland’s return to the residential mortgage-backed securities market demonstrated a continued retreat in spreads for bank structured finance issuers. Periodic deal flow from banks does not represent a full-blown securitisation revival from the sector but suggests deal economics are stacking up for issuers outside the big four.