Westpac: Aussie bonds to flourish as banks bow out

Reduced bank appetite for corporate credit will prompt more Australian companies to issue in the bond markets, says Westpac’s John Chauvel.

Westpac: Aussie bonds to flourish as banks bow out

Bond issuance in Australia was down 50% in January compared with the previous year but the rest of 2014 is expected to bring a solid flow of corporate bonds and securitisation, believes John Chauvel, head of debt capital markets at Australian bank Westpac.

A tough start to the year is being experienced globally as issuers wait to see the effects of the US Federal Reserve's decision to slow its programme of quantitative easing. But Chauvel...

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