For example, the Australian Office of Financial Management (AOFM) extended the average tenor of CGS issuance in 2011/12 by over a year to 7.7 years,3 while over the past 12 months the tenor of corporate issuance has increased to nearly 11 years, compared with an average of 8 years since the beginning of the financial crisis.
But more importantly dwell on solutions to structural constraints that hinder its’ development. To start with, let me extend my profound appreciation to the organisers for putting together this forum, and to all participants for the honour of your presence.