H1 issuance slips following June's market shutdown

The first half of calendar 2013 produced largely unspectacular issuance volumes across Australasian credit markets, as the virtual halt to primary activity in June compounded what had already been a moderate year in many sectors. According to KangaNews data, only the Australian corporate and asset-backed markets and New Zealand's Kauri product showed sufficiently robust issuance to register strong volumes across the half year.