Macquarie and ANZ favour s144A market 09 August 2010 4:31PM Both Macquarie Group and ANZ last week issued in the US s144A market, raising US$500 million each. ANZ National, the New Zealand offshoot of ANZ, raised twice as much. read more
Strong investor demand allows BNZ to double up 09 August 2010 4:30PM Bank of New Zealand (rated AA) was active both offshore and in the domestic market. BNZ added CHF100 million to its February 2015 line, taking outstandings to CHF300 million. The top-up was priced a.. read more
30 year bonds a sensible idea 09 August 2010 3:38PM The Liberal and National party coalition's proposal to consider issuing 30 year government bonds is a sensible one that could go a long way towards addressing one of the major shortcomings of Australi.. read more
Stress test relief 02 August 2010 4:37PM Despite all the criticism levelled at the start of last week at the European bank stress tests, a fair amount of tension seems to have been removed from financial markets. While the tests themselves.. read more
Westpac raises US$3 billion 02 August 2010 4:33PM Westpac was the only issuer of note in international bond markets last week, leaving aside a A$50 million top-up by ANZ to its December 2013 EMTN. read more
PGG Wrightson adjourns 02 August 2010 4:32PM PGG Wrightson Finance will try again for approval from bondholders for a one-year extension on NZ$100 million of bonds. read more
Two make debut in domestic bond market 02 August 2010 4:32PM Export Development Canada (rated AAA) made its debut in the domestic market last week, with a A$650 million, five-year bond issue priced at a spread of 70 basis points over Commonwealth government b.. read more
Upgrades for one Sapphire NZ bond 02 August 2010 4:31PM In what seems to be a rare event, another Bluestone Group subprime and non-conforming RMBS issue had three classes of notes upgraded and one affirmed. read more
RMBS falling fast 26 July 2010 4:36PM Standard & Poor's released its arrears data on mortgage-backed securities to the end of May 2010, which not surprisingly, shows arrears of more than 30 days on prime RMBS eased slightly over the.. read more
AGL cancels bank lines 26 July 2010 4:35PM AGL Energy (rated BBB) advised the ASX on Friday morning that it had priced a US$300 million bond issue in the traditional private placement market in the US. The issue comprised two tranches: US$16.. read more