Nick Kalisperis, a banker responsible for syndicating bond deals at UBS, says Australia is ready for a big US hyperscaler raising to come in and cap off a flagship year for Australian-dollar bond deals.Kalisperis says the Australian bond investors have taken everything issuers have thrown at them: big first-time issuance from foreign companies such as Hong Kong rail owner MTR Corporation ($2 billion) and Spain’s CaixaBank ($1 billion), the first investment grade domestic data centre deal (CDC, $700 million), big domestic issuance from the big four banks, 10- and 12-year deals, perpetual notes and hybrids and everything else, mostly going to big books of Australian buyers.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Australia’s bond boom faces its ultimate test
With local investors flush with cash and hungry for AI exposure, UBS says Australia’s booming bond market is ready to land its “white whale”.
TL;DRAI
Australian investors absorbed record foreign issuance (MTR $2B, CaixaBank $1B, CDC $700M), signaling readiness for US hyperscaler bond offerings. Strong AUD liquidity now attracts US tech giants, reshaping global capital strategies for infrastructure and cloud investments.
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