Issuance was led by the RMBS market which totalled A$56.35 billion supported by the return of banks to the market and a A$33.89 billion non-bank issuance record.The ABS market tallied its second consecutive high with A$16.21 billion in volume as the shedding of non-core bank assets and continued emergence of newer non-bank originators has helped to establish a new benchmark level for the market. This rise in supply has been met with an equal increase in investor demand, both from a domestic and offshore perspective, resulting in constructive market conditions for issuers and sustained margin compression across the capital stack.
Published January 29, 2025 | 2 min read