Uncertain market conditions fuelled by the global financial crisis have substantially increased the cost and reduced the availability of securitisation financing in the Australian and global structured capital markets. Post crisis, we have continued to advise on restructuring and refinancing of many transactions.
Kicking off the thaw in the markets, Henry Davis York's securitisation lawyers, were called upon to advise on some of the first offerings of securitised debt since the onset of the global financial crisis. These included the issuance of redeemable bonds in three separate deals for Members Equity Bank.
Depth of Experience
Henry Davis York advises issuers, underwriters, dealers, credit enhancers, trustees, facility providers, swap providers and originators. We have advised on residential mortgage-backed securities, commercial mortgage-backed securities, auto and fleet receivables, trade/inventory receivables, collateralised debt obligations, aircraft lease receivables, public private partnership bond offerings and many other asset classes.
Leaders in Covered Bonds
As increasing pressure mounts for Australian banks to find alternative forms of debt financing, along with the growing trend in other countries to participate in the US$3trillion global covered bonds market, Henry Davis York has been at the forefront of the debate and in educating the market on the future for a covered bonds regime in Australia.
With international covered bonds experience and a considerable depth and breadth of academic research knowledge, our experts are well-positioned to advise on the intricacies ofthis financial instrument.