In Australia, a flow on effect from global markets is virtually inevitable, with detrimental impacts already being evidenced with reduced volumes and a rebound in pricing.
- Multiple sovereign downgrades across all regions to impact cost of funding globally.
- Australian loan activity resilient and liquidity remains, however widened spreads evidenced for Australian investment grade credits.
- M&A debt volumes continue to remain choppy.
- Dim Sum bond market on the menu of alternative funding options.