News
Australasian primary market volume was relatively muted in the week ending 16 February off the back of lunar new year celebrations though issuers from a number of sectors found issuance opportunities. Highlights included a A$1.25 billion trade from DBS Bank Australia Branch and a new Kangaroo line from L-Bank. Meanwhile, Motor Trade Finance made the year’s first new deal announcement in the New Zealand securitisation market.
The rationale for Japanese investor engagement with the Australian dollar market should remain in place even if – as many on the local buy side increasingly anticipate – Japan’s monetary policy takes further steps toward normalisation in 2024. Meanwhile, Australian dollar spreads in most asset classes continue to stack up on a relative basis.
