Capital markets take a laid back approach 16 February 2015 4:36PM After the rush of issuance in January, the domestic corporate bond market has settled into a fairly laid back February. At the halfway mark the issuance total is just A$3.6 billion. read more
Rate cut no spur to debt capital market 09 February 2015 4:35PM The first week of February was more notable for what didn't happen rather than what did in the debt capital market. Issuance in the domestic wholesale corporate bond market slowed to a trickle, especi.. read more
Keeping up appearances on hybrid notes 05 February 2015 4:06PM Is the market for listed Additional Tier 1 capital notes (hybrids) issued by the banks suffering from indigestion? read more
ANZ's hybrid issue not well received 02 February 2015 4:12PM As predicted in Banking Day last week, investors in bank hybrid notes did not respond well to the announcement of ANZ's Capital Notes 3 issue. The investors most exposed are those holding CBA's PERLS.. read more
ANZ gazumps NAB with tier one issue 27 January 2015 5:02PM National Australia Bank has just learned to its chagrin not to flag its moves to the market too far ahead. read more
New opportunities for gaming the system 23 January 2015 5:11PM The way minimum bank capital is calculated may be tweaked so comprehensively by the Basel Committee for Banking Supervision that the creation of a standardised third option is a distinct possibility... read more
Credit spreads on bank debt moving wider 19 January 2015 5:05PM The first two full weeks of January are typically busy with the major Australian banks and Macquarie raising a significant volume of funds in international bond markets. read more
International investors pushing the dollar up 19 January 2015 5:03PM While the Australian banks have been busy in international bond markets since the start of the year, the domestic corporate bond market has been almost exclusively the domain of supranational and fore.. read more
Bond vendors upsize in narrow market 01 December 2014 4:44PM The last week of November 2014 was not notable for any great volume of issuance in the domestic corporate bond market. A lack of supply appears to have facilitated the upsizing of the deals that did c.. read more
Australian corporate bond market lags US 24 November 2014 4:16PM In an update on the US corporate bond market, Fitch reported that the US$5.1 trillion market was now 41 per cent larger than in 2009. Most of the US$1.5 trillion increase in the value of bonds outstan.. read more