Australian domestic issuance volume strong in H1 as other markets flag

Steady rather than spectacular primary market issuance in the second quarter was enough to keep first half volume in the Australian domestic wholesale market tracking ahead of record figures when government-guaranteed issuance is excluded. Other Australasian markets did not fare as well through the first half of 2012, with Kangaroo and securitisation issuance in particular lagging previous years' volume.