Ratings check on Macquarie buyback

One brake on the planned buyback by Macquarie Group of 10 per cent of its shares, announced at the end of last month, will be the effect on its credit ratings. Two ratings agencies published caution.. read more

ANZ and CBA make most of domestic debt market

Opportunities to sell term debt in the domestic market opened up late last week on terms reinforcing the spread banks need to pay to raise wholesale funds. But while this is a little wider than a fe.. read more

RMBS skips along

The Australian Government still has around A$6 billion to invest to support the purchase of residential mortgage-backed securities, the Australian Office of Financial Management's annual report show.. read more

NZ sovereign debt downgraded twice

Timing, as they say is everything, but there is a certain irony in the confluence of events in New Zealand at the end of last week, with a record bond tender announcement coming just a day before NZ.. read more

Default swaps follow strange track

Are the risks attached to the probability of liabilities repayment by major Australian banks much worse at the end of September than at the end of June as pricing on credit default swap spreads sugg.. read more

Social bonds trialled by NSW

Hot on the heels of the NSW government's launch of Waratah bonds for mum and dad investors last week comes the news that the Treasurer, Mike Baird, will announce the introduction of "Social Benefit.. read more

CPS3 rushed, who gives a Waratah?

Retail investors get very few opportunities to invest in bonds. Bond investment is largely restricted to institutional investors in Australia, who can choose among more than 1,100 individual issues.. read more

Narrow pricing on ANZ hybrid

The mismatch in the approach of banks, as borrowers, to retail and professional investors is getting a workout this week, courtesy of marketing for ANZ's latest convertible preference share issue (C.. read more