07 August 2012 6:46am

After a weak March quarter, the Australian syndicated debt market bounced back strongly in the second quarter, with deals worth more than US$20 billion.

According to the latest KPMG debt market quarterly, the value of domestic syndicated deals increased by 63 per cent quarter-on-quarter and the number of deals increased 50 per cent.

Despite the increase, the June quarter deal flow was still well down on activity in the second half of 2011.

KPMG said weak deal flow so far this year has been the result of a wave of refinancing late last year and a preference to use...