Investors see value in foreign Aussie issuance amid domestic drought

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By Frank Jackman
16 Oct 2020

With the Australia’s big domestic banks avoiding the capital markets thanks to excess liquidity and cheap central bank funding, Aussie dollar investors are searching for somewhere to park their excess cash – with foreign banks offering one way to pick up the slack.

“With the scarcity of supply from the traditional bread and butter Aussie dollar issues, Sydney branch international bank issuance has been well received,” said one London-based banker at one of the big four Australian banks

“Three year Sydney branch paper from an international bank is not the most ...

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