We are analysing the Australian borrower short term debt market, both domestic and international, until the 31st of July, 2026. The data for the domestic market is sourced from the latest Reserve Bank if Australia, Money and Credit Statistics release from the 9th of August, 2026. The data for the international market is sourced from CMDportal's ISIN-by-ISIN database. See the 'Where is this Data Coming from?' below to understand the exact filters we used.
Quick Takes
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Bifurcated Growth in FIG Outstandings: Financial Institutions dominate domestic and offshore markets with AUD 223.6bn and USD 115.6bn outstanding, respectively. Offshore growth surged USD 27.7bn (+31.6%) YoY, outpacing the AUD 21.4bn (+10.6%) domestic increase and confirming continued reliance on foreign currency liquidity.
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Currency Effects Amplify Domestic Growth: A 6.7% YoY rise in the AUD/USD rate (0.6971) boosted the USD value of domestic outstandings to USD 212.6bn (+23.5% YoY), amplifying the underlying 15.8% YoY domestic-currency expansion.
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Data Fragmentation & FX Vulnerabilities Persist: Onshore reporting captures AUD 305.0bn but misses USD 120.4bn issued internationally. With 96.2% of offshore debt denominated in foreign currencies—led by USD (40.2%), GBP (17.1%), HKD (15.6%), and EUR (15.2%)—fragmented data obscures entity-level leverage and FX risk.
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