Bank funding costs continue to fall 13 May 2013 5:23AM The RBA's decision to cut the cash rate by 25 basis points last week, to 2.75 per cent, may have been the catalyst for a rush of bank and corporate bond issuance from Wednesday on that highlights th.. read more
Macquarie hybrid nears 06 May 2013 4:35PM As flagged a month ago, Macquarie Group is going to replace the A$600 million of Convertible Preference Securities issued in 2008. It confirmed its intentions with the release of its 2013 results on.. read more
Prospects for more bond issuance, Qantas style 29 April 2013 4:54PM Qantas surprised the market when it announced to the ASX, on Monday, that it had placed A$125 million of seven-year bonds on the domestic market. read more
Infratil bond highlights NZ differences 22 April 2013 4:31PM The New Zealand investor in infrastructure and utilities, Infratil Limited (which has no credit ratings), announced its latest bond issue aimed at retail investors last week. It is seeking to raise.. read more
Moody's: bank hybrids are junk or equity 15 April 2013 4:31PM Unlike Fitch and unlike Standard and Poor's, Moody's Investors Service is yet to finalise its approach to rating Basel III-compliant tier 1 and tier 2 capital issued by the banks. read more
Suncorp's new template for others to follow 11 April 2013 4:32PM Suncorp has launched the first Basel III compliant tier-two capital issue by an Australian authorised deposit-taking institution, and seems to have found some novel solutions to anticipated problems.. read more
Suncorp ends bond hiatus 08 April 2013 5:00PM An A$750 million, three-year floating rate note issue from Suncorp-Metway (rated A+) was priced on Friday, in a rare flicker of activity in the corporate bond market last week, after the hiatus link.. read more
Analysis: S&P takes away the hybrid punchbowl 08 April 2013 4:57PM In a move that is likely to stop the rush of corporate hybrid bond issuance seen in 2012 dead in its tracks, Standard & Poor's has released its revised criteria for granting equity credit to suc.. read more
More FI hybrids expected 08 April 2013 4:56PM While corporate hybrid note issues might be few and far between in the future, issuance by financial institutions is continuing apace. read more
Analysis: the Australian corporate bond market may not be unusual but it can be exceptional 21 March 2013 5:48PM Remarks in a speech made by Reserve Bank assistant governor Guy Debelle to an industry conference on Tuesday received some prominent coverage in financial media the next day. The remarks addressed t.. read more