Australia

Details

  • Service: Advisory, Transactions & Restructuring, Corporate Finance, Topics, Capital Management
  • Industry: Financial Services, Banking, Investment Management, Insurance, Superannuation, Private Equity
  • Type: Business and industry issue
  • Date: 28/02/2013

Global Debt Sales

A series of reports analysing recent debt portfolio activity in a number of key banking markets across Europe, the Americas, Asia and Africa.

Global Debt Sales: Third Edition (Australian snapshot) 

Australia's secondary debt markets saw unprecedented activity between the second half of 2011 and the first quarter of 2012, largely due to a number of European banks reducing their Australian non-core exposures and an increase in the level of trading in single non-performing loans.

Conversely, there has been an increase in liquidity from new entrants, namely Asian lenders, new debt funds, sovereign wealth funds and pension/life company investors seeking to build their books in this market. The gap between bid and ask price has now diminished which in turn has translated into increased activity which is expected to continue in 2013.

 

Key themes

  • A large number of European banks have reduced their Australian non-core exposures and an increase in the level of trading in single non-performing loans.
  • European departures have been partly offset by new entrants into the market including Asian lenders, new debt funds, sovereign wealth funds and pension fund investors.
  • Our report highlights a number of recent significant portfolio transactions, including Lloyds’ sale of its approximately $2 billion property portfolio.

 

 

Further information

 

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