Offshore markets work for term debt 16 September 2013 4:38PM Offshore debt markets suited financial issuers last week, with the largest deal coming from Macquarie Bank, which raised €500 million. read more
Comment: Confidence will drive the corporate bond market, not another inquiry 12 September 2013 4:46PM The new Coalition Government has promised a new inquiry into Australia's financial system. The inquiry is expected to be wide ranging, covering the banking system, superannuation, and what is fast b.. read more
Month-end rush in the corporate bond market 02 September 2013 4:28PM There was a burst of activity in the domestic corporate bond market last week, with 10 issues being launched in the last week of the month. Surprisingly, six of the issues came from the SSA (soverei.. read more
US bank ratings wobbly at Moody's 26 August 2013 4:42PM Moody's has placed the ratings assigned to four of the six largest US bank holding companies on review for a downgrade. The other two banks are also on review, but the ratings direction is uncertai.. read more
ANZ and corporates rapped over hybrid sales 21 August 2013 4:27PM The headline on an ASIC media release published yesterday was: "ASIC continues crackdown on hybrids". But the well-flagged report was just that - a report. However, it did provide a comp.. read more
Banks still pay wide spreads for term debt 12 August 2013 4:53PM The re-opening of the domestic debt market is gathering pace, a trend likely to continue as the bank profit season kicks off this week, providing fresh insight into the sector's asset quality and ma.. read more
Subordinated bonds fly for G8 12 August 2013 4:50PM FIIG arranged a six-year bond issue for G8 Education Limited, which closed on Wednesday after raising A$70 million. The issue, of unsecured, unlisted and unrated bonds, was launched on July 17, with.. read more
Pricing non-viability risk a tough one 06 August 2013 5:01PM With the introduction of a non-viability trigger into bank subordinated debt at the beginning of this year, the market for such debt has changed, possibly forever. This has resulted in problem to wh.. read more
Westpac bonds price better in US market 29 July 2013 4:36PM It was Westpac's turn in the offshore bond market last week, and it tapped the US s144A market for five-year funds. read more
Banks gently re-open domestic bond markets 22 July 2013 4:46PM There was more activity in domestic corporate bond markets by banks last week, but it seems there was a desire to keep some of it quiet. Westpac, Commonwealth Bank and the latter's New Zealand subsi.. read more