John Weavers is a Senior Report at International Financing Review based in Sydney where he covers the Australian and New Zealand bond and securitisation markets. John joined IFR in London in 2004 as senior reporter responsible for emerging markets, before transferring Down Under in 2011. Before IFR, he was a senior reporter for Informa Global Markets, having previously written for the Economist Intelligence Unit and Latin American Monitor. John has a BA in Economics from Warwick University and a MSc in Economics of Latin America from Queen Mary College, University of London.
National Australia Bank reopened the Tier 2 market for Australia’s major banks last week with the first new issue in almost a year, but rather than benefiting from the scarcity value it had to pay a sizeable premium to reflect expectations of a glut of similar supply.
The imminent Australian federal election could trigger a shift in the country’s unusual domestic equity-heavy asset allocation mix if, as expected, the opposition Labor party secures victory on May 18.
The Australian ABS market is about to broaden following parliamentary approval of the A$2bn (US$1.42bn) taxpayer-funded Australian Business Securitisation Fund.