Australian ABS: Demand Down Under
The Australian ABS market has continued its red-hot start to the year with record issuance in the last two months – the 17 new deals priced in May for a total of A$12.3bn were followed by 13 deals in June adding a further A$8.5bn. For context, before May the post-2008 record for deals printed in a single month stood at 10 and the largest monthly volume at A$9.3bn.