Bendigo and Adelaide prices CPS3

Bendigo and Adelaide Bank completed the bookbuild for its CPS 3 note issue on Thursday. The bookbuild resulted in the issue size being increased slightly to A$225 million (from $200 million) and the c.. read more

Domestic corporate bonds lacklustre in April

April finished on a lacklustre note for the domestic corporate bond market. With the month seeing maturities of more than A$8.7 billion, issuance of just $8.85 billion was barely enough to achieve pos.. read more

A Kiwi hybrid

Kiwi Capital Funding Limited yesterday advised the New Zealand stock exchange of its intention to issue up to NZ$150 million of perpetual, non-cumulative, unsecured, subordinated securities, otherwise.. read more

Expensive sub-debt for CBA

Commonwealth Bank (rated AA-) issued tier two subordinated bonds in the Euromarket late last week, raising €1.25 billion for twelve years with a non-call period of seven years. read more