The debt markets got off to their usual measured start to the year in Q1 2014, with US$11.2 billion priced for the quarter. This represents an 18 percent increase on Q1 2013, and is in line with the first quarter historic average volumes since 2009 of US$11.0 billion.
Refinancing continues to be the main driver of activity, accounting for 66 percent of total volume. It is anticipated that market activity for the remainder of the year will be driven by the improving business confidence and corporate activity leading to improving deal flow for the local market.
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