FIIG to place Dicker floating rate notes

IT distributor Dicker Data Ltd is diversifying its funding, announcing yesterday that it will move from its reliance on a debtor finance facility and undertake a A$40 million issue of floating rate no.. read more

Bank resolution EU style

A potential legal dispute over the resolution of an Austrian bank could provide the test case for how well the European Union's Bank Recovery and Resolution Directive, which came into effect at the be.. read more

BoTM pays up in domestic market

Members Equity Bank (rated BBB+) kicked off issuance for the week in the domestic debt market, selling A$200 million of one year floating rate notes at a spread of 70 basis points over bank bills. read more

NAB trumps ANZ

Our headline in late January, when ANZ surprised the market by launching the first Additional Tier 1 capital issue of 2015, was "ANZ gazumps NAB". (To recap, in mid-December NAB had flagged an issue o.. read more

NAB gets busy in offshore debt markets

Newcastle Permanent Building Society (rated BBB+) was a rare financial institution selling bonds in the domestic debt market last week, launching a minimum A$150 million, three-year floating rate.. read more

NAB too clever by half

In late January, ANZ launched the first additional tier one capital raising for 2015. The issue known as ANZ Capital Notes 3 came after National Australia Bank had announced in mid-December its intent.. read more