Australia bank woes open door to funds to up their lending play

Photo: Reuters

Rising borrowing costs and regulatory pressures on Australian banks have opened a window of opportunity for the nation’s money managers to ramp up their lending directly to companies.

IFM Investors Pty and Metrics Credit Partners are two funds trying to strike more bespoke lending deals with companies hunting for new sources of debt capital. This comes after the three-month bank-bill-swap rate jumped to a two-year high, which may put pressure on Australian banks to pass on higher funding expenses to their corporate customers.

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