Resumen de Why Australia doesn't have a domestic high-yield market.
The article looks at the absence of a domestic high-yield (HY) corporate bond market (CBM) in Australia despite the growing participation by Australian corporations in the U.S. HY market. Topics covered include airline carrier Qantas' sale of the nation's first senior unsecured bond in the wholesale market, and the factors hindering the development of a CBM in Australia including the lack of sophisticated investors and the concern about continuous disclosure.
