Suncorp opens buyback for perpetual notes 12 May 2014 3:26PM The Suncorp Group's latest hybrid, the CPS3, Additional Tier 1 capital notes, began trading on the ASX on a deferred settlement basis on Friday. The final size of the issue came in at A$400 million, a.. read more
Subdued domestic corporate bond market activity 12 May 2014 3:26PM Conditions remain very subdued in the domestic corporate bond market last week. Interim reporting by both Westpac and National Australia Bank may have been a contributing factor. read more
Westpac Capital Notes II 08 May 2014 4:13PM Westpac Banking Corporation is getting ready for only the third ASX-listed debt issue for 2014. The bank is hoping to raise at least A$750 million of Additional Tier 1 capital through instruments to b.. read more
Bank domestic capital market funding costs up on 2013 28 April 2014 3:43PM The highlight in the capital markets in the week leading up to Easter was a A$2 billion issue from Commonwealth Bank. CBA, which has a credit rating of AA-, priced $1.5 billion of floating rate notes.. read more
Suncorp second to raise Additional Tier 1 capital 01 April 2014 4:40PM Suncorp Group is looking to raise at least A$250 million of Additional Tier 1 capital. Suncorp is selling Additional Tier 1 capital in the form of convertible preference shares, to be known as "CPS3". read more
Where have all the debt issuers gone? 31 March 2014 4:51PM Offshore.International issuance by Australian entities in international bond markets now exceeds A$40 billion. This compares with only $27.5 billion in the first quarter of 2013. read more
Suncorp goes to the US market for senior debt 27 March 2014 5:07PM The steady flow of bond issuance by Australian borrowers in the US s144A market is continuing. Yesterday, Suncorp Bank announced it had raised a total of US$850 million for three years, in the market. read more
Macquarie makes rare s144a issue 24 March 2014 4:33PM Macquarie Bank (rated A) sold term debt in the US s144A market last week for the first time in three years. The bank sold US$750 million of three year bonds and US$500 million of three year floating r.. read more
Clydesdale returns to RMBS 17 March 2014 4:25PM In Europe, Westpac sold €1.0 billion of seven year covered bonds late last week. While covered bonds issued by the major Australian banks are not eligible for repo-transactions with the European Cen.. read more
IAG issue a test of market's sophistication 12 March 2014 5:23PM Institutional investors are being offered a fixed income security that contains a level of complexity and risk that in the past has been reserved for international bond markets. read more