News
Plenti Finance rode volatile conditions to print the Australian dollar market’s securitisation of 2022 not backed by mortgage or auto-loan collateral. The issuer acknowledges that pricing has widened on the back of increased market volatility but says the difference was not material.
Intermediaries say execution strategy will play a more important role in international funding for Australian corporate borrowers in 2022 as spreads widen, investor allocations become more selective and new sources of market volatility continue to emerge.
While the world wrestled with accepting inflation in late 2021, the Reserve Bank of New Zealand led, abandoning QE in July as its economy recovered from the pandemic-induced slowdown. At the KangaNews New Zealand Debt Capital Market Summit in December 2021, a collection of international high-grade market participants shared their perspective on the global economic backdrop and the year ahead.
The New Zealand securitisation market experienced an upswing in 2021, bouncing back from the challenging global environment that led to limited activity the prior year. This was highlighted by a larger number of term deals and a more diverse range of investors. While the next step is difficult to predict, Russell McVeagh partner Deemple Budhia, senior associate Ling Yan Pang and senior solicitor Jemma Milicich are optimistic the New Zealand market will maintain its positive growth during 2022.
The agenda at the KangaNews New Zealand Debt Capital Market Summit in December 2021 included a panel of high-level local corporate executives who discussed how business responded to the challenges of the pandemic and the future outlook. Sustainability is playing an increasing role in corporate strategy.
New Zealand’s banks are returning to a more normal business environment but the spectre of the pandemic remains. At the KangaNews New Zealand Debt Capital Markets Summit in December 2021, Daniel Yu, senior analyst at Moody’s Investors Service in Sydney, broke down some of the key themes the rating agency expects the country’s banks to face over the next 12 months and their credit quality.
