FIIG reaches over $1bn in corporate bond issuance
FIIG Securities has recorded over $1 billion in arranging total corporate bond issuance after the successful close of its latest bond origination.
FIIG originally formed its bond origination unit in 2012 in Australia in response to investor appetite for investing in the debt of local corporates as well as their equity.
FIIG Securities CEO Mark Paton said that passing the $1 billion mark "cemented the credibility and sustainability" of the market for both potential issuers and investors.
Currently, FIIG has more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.
According to Paton, the 22 issues FIIG had previously arranged were each significant in contributing to the market's growth, and combined together they amounted to "a revolution" in the Australian financial market.
SMSF Association Chief Executive Officer Andrea Slattery said the growth in the domestic bond market was "encouraging" and demonstrated that SMSF trustees understood the importance of diversification and "have the knowledge and confidence" to invest beyond their traditional asset classes of blue chip equities, cash and property.
Recommended for you
Schroders has appointed a new chief executive as Simon Doyle steps down from the asset manager after 22 years.
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
