Aussie ABS set for expansion

摘要

The Australian ABS market is about to broaden following parliamentary approval of the A$2bn (US$1.42bn) taxpayer-funded Australian Business Securitisation Fund. The ABSF, which will become operational on July 1, will support business loan securitisations, providing additional funding to smaller banks and non-bank lenders, which can then be recycled as new loans to small to medium-sized enterprises (SMEs) on competitive terms.