Following a strong year for securitised markets, it is not uncommon for activity to pause over the holiday period. Consistent with this seasonal pattern, public primary issuance has remained subdued through January.
While the informal convention for these public transactions to reach investors ahead of Australia Day has now passed, we continue to hear that a sizeable first-quarter pipeline is building across both RMBS and ABS markets. As issuers move beyond the holiday window, execution now becomes critical.
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