Aussie corporate borrowers mine seam of Asian wealth

Demand from yield-hungry bond investors will see more Australian corporate debt placed in Asia, says NAB’s Steve Lambert.
Aussie rules: NAB reports up to 50% of each deal it arranges for an Australian financial institution is currently placed in Asian hands.
Aussie rules: NAB reports up to 50% of each deal it arranges for an Australian financial institution is currently placed in Asian hands.

Asian bond investors are no stranger to Australian debt but their appetite is changing in favour of high-yielding corporate bonds, according to Steve Lambert, executive general manager of debt markets at National Australia Bank NAB in Sydney.

“We are seeing a shift in relative weightings and what type of credit Asian investors buy,” said Lambert, who believes the market is in risk-on mode. “In the past year, there has been a growing interest in corporate bonds. Investors are looking for yield and they want more balance, more diversification in their portfolios.”

FinanceAsia and NAB recently conducted a survey on Asian institutional investor attitudes towards Australian debt...

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