This paper examines the development of Australian corporate bond issuance since the early 20th century, based on a new unit-record dataset that we have compiled. Issuance trends have changed significantly over the past century as bond markets have become more diverse, sophisticated and globally...

Australian financial and non-financial companies tap capital markets – particularly equity and bond markets – to source funds from households, foreign investors and domestic institutional investors. Foreign investors supply around half of these funds, with institutional investors...