The dearth of consistent data and reporting standards is likely the primary factor holding back green, social and sustainability-linked securitisation issuance in Australia, according to speakers at an Australian Securitisation Forum webinar. If such issuance did come to market it would likely be well received on the buy side.
According to KangaNews data, total supply of Australian dollar green, social and sustainability (GSS) bonds since the market’s inception in 2014 is around A$32.4 billion (US$24.7 billion). Of this, only around A$1 billion has come in securitised format with humm, National Australia Bank (NAB), Pepper Group and Brighte the only entities to print labelled securitised notes in Australian dollars.
At an Australian Securitisation Forum webinar on 31 March, Australian and US market participants discussed developments and opportunities with a focus on growing appetite for the product domestically and offshore.
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