It's important not to think of just lending to 'ASX listed' companies. An ASX listing is no guarantee of credit quality. The best way of looking at it is that these guys are going toe to toe with the major banks in large deals. They are not looking to lend to some half ar@ed developer in Rooty Hill. It's all about their ability to assess the creditworthiness of deals.
Also important to note that these are not bonds. They are actual loans.
