From ADCM Review:
As at the end of August, international bond issuance by Australian financial and non-financial corporate borrowers exceeded the equivalent of A$114 billion. Extrapolating to the end of the year, total issuance is set to exceed A$170 billion.
If this level of issuance is achieved, it will be the largest volume of international bond issuance since 2009, when the total went past A$186 billion. Issuance that year was driven by the banks taking full advantage of the ‘AAA’ guarantee received from the Federal government late in 2008, to issue more than A$155 billion of bonds on their own.
