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National Australia Bank (rated AA-) was the largest financial services issuer in the domestic bond market last week, with a A$600 million tap of its November 2019 floating rate note. read more

As it turned out we did not have to wait for the G20 Leaders Summit on the weekend to find out what the Financial Stability Board would propose to address the problem of banks that are too big to fail.. read more

October ranked as the weakest month of the year for capital market issuance, with issuance totalling just A$5.7 billion. But things have picked up; last week seven issuers sold $3.9 billion of bonds. read more

Structured finance issuance also continued apace last week. The A$1.13 billion, prime RMBS issue from Citigroup Pty Ltd via the Securitised Australian Mortgage Trust 2014-1, takes prime RMBS issuance.. read more

National Australia Bank last week became only the second bank of the four majors to issue Basel III compliant tier two subordinated debt in an international market read more

Commonwealth Bank completed a A$1 billion a Basel III compliant, tier two subordinated debt issue on Friday, priced at 195 basis points over bank bills. read more

Life returned to domestic credit markets last week, in time to push year-to date-corporate bond issuance volume past the 2013 total. Year-to-date issuance at the end of October stands at A$81.2 billio.. read more

Unlike the week before, global financial markets were relatively calm last week. This encouraged some corporate bond issuance by Australian borrowers, particularly in international markets. read more

Commonwealth Bank advised on Friday that it would meet with investors in Sydney tomorrow and in Melbourne on Wednesday to discuss a possible tier two capital issue.    read more

The recent sell-off of hybrid notes listed on the ASX has seen the market price of a number of notes fall below face value. Typically, these notes have a face value of A$100 but a number are now tradi.. read more