Fortescue Metals Group visited the US dollar high-yield market on 19 March, taking advantage of strong business and market conditions to secure a refinancing transaction. The issuer says its deal demonstrates the ongoing strength of the US dollar credit market amid continuing global rates volatility.
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The lingering impact of fiscal stimulus continued to support a structurally altered Australasian debt market in 2021, transaction data from the KangaNews deal database show. Corporate and securitisation issuance capitalised on the absence of major-bank supply, while sustainability-aligned deal flow reached new heights.