Participants in the New Zealand securitisation market believe the asset class has an increasing role to play in the local credit landscape on the back of growing momentum in recent years. Economic and regulatory challenges are likely to put a ceiling on near-term growth but there is a baseline level of confidence in asset quality and the risk-return equation of structured finance.
In the wake of the Australian federal government’s long-awaited decision to initiate the process toward the issuance of sovereign sustainability bonds, KangaNews surveyed local investors on what they want to see from a sovereign green-bond programme. The answers – and further detail provided by some buy-side accounts – show what the Australian Office of Financial Management may need to consider as it ramps up its preparation.