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The wholesale corporate bond market is to be tested by the first issue of Basel III-compliant subordinated debt. Since the introduction in 2013 of a non-viability trigger for tier two subordinated b.. read more

Foreign debt markets have proved accommodating to Australian bank borrowers in the new year. Over the first three weeks of January 2014, banks sold the equivalent of A$11.3 billion of bonds in interna.. read more

Is there an element of mis-selling in the marketing of hybrids - securities that offer all the downside risks of equity for little reward? Should regulators be concerned that this is the case? Given.. read more

ASIC's introduction of the short-form prospectus for plain vanilla, senior corporate bond issuance was the first initiative to stem from the Australian Financial Centre Forum's 2009 recommendation c.. read more

The year 2013 is already a record year for post-GFC mortgage-backed bond issuance, with A$25 billion being sold so far this year. However, of this amount, only A$1.4 billion was in the form of sub-p.. read more

With the first financial system inquiry in more than 16 years set to get underway early next year, it is inevitable that one of the considerations of the inquiry will be the functioning of the corpo.. read more

National Australia Bank doubled the size of its CPS II hybrid issue to A$1.5 billion last week, and set the margin to be paid over the bank bill rate at 325 basis points. read more

Moody's Investors Service cut the long-term ratings on the senior debt of four US bank holding companies on Friday, upon completing its review of eight large US banking groups and coupling this with.. read more

As flagged last week, National Australia Bank announced its CPS II perpetual converting preference share issue yesterday. NAB is looking to raise at least A$750 million but did not specify a maximum.. read more

The volume of new issuance for investors in ASX-listed interest rate securities has been thin in 2013. Compared with the A$13 billion of issuance in 2012, the $5.1 billion of issuance so far this ye.. read more