Australian market continues to orbit the RBA’s sun
KangaNews hosted its annual roundtable discussion for Australia’s leading bank fixed-income strategists in February – just as a new round of market speculation on the path of Reserve Bank of Australia stimulus was kicking off. The strategists remain convinced that Australian QE is set for some time, however – and that the market will continue to revolve around the gravitational pull of the central bank.
Read more: Australian market continues to orbit the RBA’s sun
Humm’s new tune in equipment finance spurs flexicommercial ABS return
Humm group has executed its first securitisation transaction since rebranding from flexigroup late last year. The deal, which priced on 17 March, uses the issuer’s flexicommercial programme for the first time in the public market after a six-year hiatus.
Verizon connects Australia to global market call
Verizon’s third Australian dollar transaction formed part of a run of blockbuster deals by the same issuer across global markets, following its participation in recent US 5G spectrum auctions. Australian dollar leads say the deal priced at a competitive level for the issuer and demand was broad based.
Securitisation industry confident ahead of EU regulation amendments reading
Changes to the EU’s securitisation regulation proposed late in 2020 have been a thorn in the side for Australia’s securitisation industry in the opening months of the year. The amendments put a prohibition of investment from EU-based entities on the cards. However, with a date approaching for the proposals’ reading in the EU parliament, industry figures are confident the issues will be resolved.
Read more: Securitisation industry confident ahead of EU regulation amendments reading
APA prioritises volume in euro return as it refreshes debt strategy
APT Pipelines, the borrowing entity of APA Group, issued a multitranche deal in the euro and sterling markets on 9 March. The issuer says it was not fazed by ongoing rates volatility and its focus was the transaction’s ability to secure significantly lower cost of funds.