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Asia weekly — Australia’s first CLO issuer, and our 2025 wrapped
Richard Macauley
•2 min read
This article is part of our new APAC coverage. Want the Asia Weekly sent straight to your inbox every Monday? Add your details here, and we’ll get you on the mailing list.
The Brisbane-headquartered firm is understood to have been scouting out US arrangers at the Opal CLO Summit in Dana Point last week and the firm is expected to open its first warehouse in the coming weeks.
Gallantree is preparing to launch CRE CLO I, sized at AUD 1.16bn ($766m), a precursor to other structured credit strategies, such as a corporate credit CLO in Q2 2026 and a CFO linked to a fund of funds, according to a pitchbook seen by 9fin.
Several US banks remain in contention, sources say, reflecting the firm’s view that Australia lacks sufficient capital markets access.
India focus
Stressed Indian telecom company Vodafone Idea Ltd (VIL) has privately placed INR 33bn ($367m) via rupee-denominated bonds to refinance existing liabilities.
VIL’s fully-owned subsidiary Vodafone Idea Telecom Infrastructure issued the non-convertible debentures (NCDs), or INR bonds, yesterday to a group of foreign investors, mutual funds and non-banking finance companies.
Separately, Jayaswal Neco Industries Limited (JNIL) last week completed an INR 23bn ($254m) deal to refinance its INR 32bn rupee-denominated bonds issued in 2023.
The Indian iron and steel manufacturer privately placed INR 18bn 12.5%, six-year senior secured non-convertible debentures (NCDs), or INR bonds, on 12 December with investors led by Tata Capital.
In the year-end review, we hear why uncertainty may ultimately drive more deal flow in 2026, as well as which countries may see an uptick in attention from private credit firms, and what drove the popularity of kangaroo bonds in 2025.
Oh, and of course we answer the question surely on everyone’s lips: why has 9fin stationed a CLO reporter in Hong Kong?
Source: 9fin
The Asia weekly newsletter will take a break over the Christmas and New Year holidays, and will return on 9 January 2026.
