$18bn refinance rush on the way, | The Australian

$18bn refinance rush on the way, say financial experts | The Australian:

"FINANCIAL experts predict Australia is two years away from witnessing a surge in refinancing activity."

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'The inflows to the sector are enormous and there is an issue in Australia coming up where we have a refinancing wall of $18 billion in loans (maturing) in 2012 and 2013.'

Mr Tierney said the experience in the US was a good indication that this refinancing is likely to drive up the demand for high-yield bonds.

The refinancing of bank debt and leveraged loans in the US market had been a 2009-10 story, he said.

'In 2010 alone, there's been $US88bn ($92.8bn) of >>>Keep reading by clicking title link above