Debt securities wave set to break

Around $5 billion of debt issues will expire this year … while a new class of issuers could emerge.

A few weeks ago, as 2013 was rapidly drawing to a close, I wrote about the year being a transitional one for the ASX-listed interest rate securities market.

The market really took off in 2012, with $13 billion of interest rate securities listed. Last year was subdued in comparison, with only $8.4 billion of new listings.

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