More Australian corporates may follow Sydney Airport to Maple market

With most offshore markets remaining on hold for Australian corporate borrowers the most significant recent development has been the pricing – by Sydney Airport Finance Company (Sydney Airport) (BBB/Baa2/BBB) – of the first post-crisis Maple bond by an Australian non-bank corporate issuer. Intermediaries say the Maple funding option may prove fruitful for further corporate borrowers, with Sydney Airport having obtained attractive pricing on its deal.