Australia

Details

  • Service: Advisory, Transactions & Restructuring, Corporate Finance, Topics, Capital Management
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 3/08/2012

Debt Market Quarterly Update

KPMG's Debt Market Update reviews debt market activity and provides insights into the latest trends and the implications for Australian companies.

David Heathcote

David Heathcote
Partner in Charge, Debt Advisory Services

+61 2 9335 7193

dheathcote@kpmg.com.au

Debt Market Quarterly Update: Q2 2012 

The second quarter of 2012 began solidly as leveraged loan issuances increased in April, high yield bond volumes picked up globally and speculation around major M&A transactions were creating a more upbeat outlook for the year ahead.
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However, by mid-May, concerns over the Eurozone resurfaced as the Greek elections drew nearer and this curtailed confidence and loan and bond issuances.

 

Key themes

  • Moody’s downgrades banks further.
  • Australian syndicated loan volumes lower than expected.
  • Time to invest in fixing the domestic bond market.
  • Hybrids begin to hibernate.
  • Cost of cross-currency hedging.
 

Capital management

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