Basis set for offshore bond return

National Australia Bank has established an up-to-date benchmark for the sale of unsecured term debt in the US bond market, with the NAB bond being issued during a week of steady sales of kangaroo bo.. read more

No retail rush for bank hybrids

Hybrid fixed-interest securities marketed by three banks and one industrial company over the last week or two have failed to generate the scale of investor demand sometimes associated with such issu.. read more

Bank hybrids rated near junk

Fitch Ratings has concluded the review of the credit ratings assigned to the four major banks initiated at the end of last month. The long term issuer default ratings assigned to CBA, National Austra.. read more

Positives in NAB's unsecured bond issue

Last week was a notable one for bond issuance, with another Korean bank making its Australian debut; NAB providing price discovery for senior unsecured bond issuance by the major banks; Westpac maki.. read more

Beware equity credit

With the summer holiday period over and markets getting back to 'normal', reports emerged last week of two likely hybrid issues: one from Westpac and one from AGL Energy. read more

The January effect

Is it thin holiday trading and the optimism of a new year that tends to result in financial markets putting on a good show in January, or is there more to it this year? Will 2012 see some recovery a.. read more