Credit markets open to ANZ names

Conditions in credit markets may be tough, but it could be an exaggeration to say they are effectively closed, as ANZ's CEO Mike Smith has suggested. read more

Westpac tests RMBS pricing

Westpac surprised credit markets yesterday by announcing a minimum A$750 million prime mortgage-backed bond that will be sold via the Series 2012-1 WST Trust. read more

Spreads narrow for bank term debt

Placement of unsecured bonds by banks totalled A$4 billion last week, helped by a global bond issue form Morgan Stanley and also featuring a finely priced deal from ANZ. read more

SMHL RMBS upsized to A$1bn

ME Bank finalised the second mortgage-backed securities funding of the calendar year on Friday, with the deal size increased to A$1 billion. read more

AOFM aids RMBS price discovery

The Australian Office of Financial Management has sold A$50 million of fixed rate, bullet maturity RMBS from its portfolio. This is the first sale of mortgage-backed securities by the AOFM in two ye.. read more

Wholesale spreads decline

The cost of borrowing by banks in the term market continues to improve, with ANZ completing the sale of A$2 billion in bonds at spreads substantially lower than that paid by Commonwealth Bank when i.. read more