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Apart from the timing of the practical availability of a government guarantee and following virtually no issuance at all in November, the rush of December issuance by the Australian banks may have bee.. read more

There was also some late issuance in the New Zealand domestic market with Dunedin City Treasury adding NZ$50 million to its April 2011 line, to take outstandings to NZ$90 million. The retail-oriented.. read more

The banks did not hold off last week on issuing bonds guaranteed by the Australian government, as we had thought they might. Nevertheless, they appear to have paid a price for their haste, although on.. read more

There are a few observations that can be made about last week's bond issuance by the banks. read more

This is, no doubt, the truth of the matter. The opportunity for domestic investors has been so good that in the space of a week they have found A$6.3 billion to invest, more than in any other week and.. read more

To complete the issuance picture for what may turn out to be the last week of any significant issuance activity for the year, Macquarie Bank sold A$270 million of Class A asset back securities issued.. read more

So how does issuance across the wholesale markets stack up at the end of 2008, compared with previous years? read more

Rio Tinto's announcement of its intention to reduce debt by US$10 billion by the end of 2009, driven by job cuts, reductions in operating and capital expenditures and further asset sales, drew a respo.. read more

The appropriation bill which supports the Australian government's Guarantee Scheme for Large Deposits and Wholesale Funding was passed at the end of the week before last but we have yet to see any bon.. read more

A related issue that has been around for a few weeks now, but came to the fore late last week, is the perception that the state governments are going to be unable to compete against Federal government.. read more