The second quarter of 2014 saw momentum surge back into the Australian debt market. With US$30.7 billion completed for the quarter, it was a strong bounce back from the subdued quarter one in which only $13.6 billion across 34 transactions was completed. This represents a 13 percent increase from the same period last year.
Q2 2014 is the fifth largest on record, and closes only the third sustained period where the 12 month market run-rate is above US$100 billion – the others being the lead up to the financial crisis, and the surge in borrowing in late 2011 through to early 2012, primarily as a result of significant project financing transactions.
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