Month-end rush in the corporate bond market

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

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

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

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

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

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

Banks gently re-open domestic bond markets

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