News
Two more securitisation deals printed in the Australian market in the week ending 1 April, adding to consistent flow over much of the year to date. Other highlights in the primary market were senior issuance from Liberty Financial and a tier-two deal priced by Suncorp.
Robust investor engagement supported AusNet Services’ first deal since the electricity and gas distributor’s acquisition last year by a Brookfield Asset Management-led consortium. The transaction was one of Australia’s first true corporate deals of 2022 and is a clear sign markets are calming, according to deal sources.
Strong growth in mortgage originations led Pepper Money to print its latest residential mortgage-backed securities just two weeks after its previous deal. Both are Australian dollar-only transactions, but the issuer is targeting a return to offshore currencies – particularly US dollars – later in the year.