It was a slow week in Australasian primary markets. AMP bank priced A$200 million (US$129.3 million) in tier-two notes while Contact Energy printed a NZ$250 million (US$143.4 million) green bond. Securitisation flow continued with a A$300 million asset-backed securities deal from Zip Co.
Between the last week of August and late September, 11 new public securitisation deals printed in the Australian market. Market participants say stable pricing and competitive margins – particularly for senior notes – has drawn previously sidelined investors back to the market, including increased interest from offshore.