Another active week in the Australian debt market saw deal flow in the global supranational, sovereign and agency, financial institution, corporate and securitisation sectors, with investors willing to extend primary market liquidity despite further event risk in the form of the US debt ceiling row.
Australian Postal Corporation priced the domestic market’s first sustainability bond from a corporate credit for more than three years in its own return to capital market issuance, noting a six-month process to prepare the deal. The transaction was the first in a series of deals that made the second half of May more productive for corporate supply in the Australian dollar market.