On May 30, over 130 delegates gathered at the offices of BNY Mellon in London for the ASF's 2024 London Investor Seminar.
The seminar highlighted a strong start to the year for Australian securitisation (with over A$34 billion in new issuance to May) with investors continuing to view Australian securities as good value.
The seminar also discussed the resilience of Australian borrowers amid rising interest rates. It was noted that whilst arrears are up, they are in line with expectations reflecting the tendency of Australian borrowers to prioritise loan repayments.
Economists presented differing views on future interest rates however agreed that rate increases have caused stress to borrowers and supported the views of Australian nonbank lenders that borrowers have typically responded by cutting back on discretionary spending rather than falling behind on loan repayments.
Event report: Market dynamics and collateral outlook support Australian securitisation’s offshore value proposition published by KangaNews is available here
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