FIIG reaches over $1bn in corporate bond issuance

FIIG Securities has recorded over $1 billion in arranging total corporate bond issuance after the successful close of its latest bond origination.

FIIG originally formed its bond origination unit in 2012 in Australia in response to investor appetite for investing in the debt of local corporates as well as their equity.

FIIG Securities CEO Mark Paton said that passing the $1 billion mark "cemented the credibility and sustainability" of the market for both potential issuers and investors.

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Currently, FIIG has more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.

According to Paton, the 22 issues FIIG had previously arranged were each significant in contributing to the market's growth, and combined together they amounted to "a revolution" in the Australian financial market.

SMSF Association Chief Executive Officer Andrea Slattery said the growth in the domestic bond market was "encouraging" and demonstrated that SMSF trustees understood the importance of diversification and "have the knowledge and confidence" to invest beyond their traditional asset classes of blue chip equities, cash and property.

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