Long term shifts in short term funding 24 August 2016 4:26PM Bucking the trend for bank wholesale debt funding to favour longer maturity profiles, new 364-day certificate of deposit markets are emerging in the UK and in the domestic Australian markets. read more
Short-dated bonds suit Australian banks 22 August 2016 4:15PM New issuance was seen in the domestic corporate bond market last week from Suncorp-Metway (rated A+ by S&P), GPT (A), Auswide Bank (BBB), the Sydney branch of Mizuho Bank (A) and the Province of B.. read more
Launching with precision 17 August 2016 4:25PM ANZ may well have chosen precisely the right time to launch its latest Additional Tier 1 capital issue. The issue will be known as ANZ Capital Notes 4. read more
Spreads start to tighten in the debt capital market 15 August 2016 4:04PM Thanks to a A$2.75 billion five-year benchmark issue from ANZ (rated AA-) there was more than $4.6 billion of bonds issued in the domestic corporate bond market last week. read more
Bond market pariah's buyback offer not too good to refuse 11 August 2016 3:59PM Adani Abbot Point Terminal Pty Ltd (AAPT) is offering to buy back up to A$75 million of $500 million of November 2018 bonds that it has on issue in the domestic corporate bond market. read more
Credit spreads widen as rates fall 08 August 2016 3:56PM One problem with cutting official interest rates is that it can lead to increased credit spreads. Investors may form the view that economic conditions are weakening and therefore risk margins need to.. read more
Bond issuers take time out to mull monetary policy decision 08 August 2016 3:49PM Corporate bond market participants were more focused on the Reserve Bank's decision regarding the cash rate on Tuesday, and digesting the implications of that, than on issuance activity. Issuance acti.. read more
Corporate bond market shrugs off Brexit uncertainty 01 August 2016 4:25PM Despite a slow start reflecting uncertainty about the Brexit decision, July has ended as the second strongest month of the year to date in the domestic corporate bond market. Bonds worth A$10.3 billio.. read more
Westpac's first NZ sub-debt issue 27 July 2016 4:26PM Westpac Banking Corporation is about to undertake its first Basel III compliant, Tier 2 subordinated debt issue in New Zealand. The Bank is looking to raise up to NZ$250 million but says it will accep.. read more
Toyota Motor Credit well received on debut 25 July 2016 4:29PM Toyota Motor Credit Corp (rated AA-) made its capital market debut last week and was very well received. read more