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MyState Financial made its market debut with a sale of prime, mortgage-backed securities via ConQuest 2010-2 Trust. The name of the trust implies that this is the second RMBS issue this year: it is.. read more

In other domestic issuance, New South Wales Treasury Corporation (rated AAA) opened a new May 2030 line. Initially seeking A$100 million, TCorp sold A$150 million of bonds at 25 basis points over sw.. read more

International Financing Corp, the private sector investment arm of the World Bank, (and rated AAA) raised A$500 million for ten years at just 66.5 basis points over Commonwealth government bonds. read more

Issuance activity in domestic markets was dominated by kangaroo and kauri issuers last week. read more

The aggregate result of the tests was that the tier one capital ratio of the assessed banks would fall from 10.3 per cent at the end of 2009 to 9.2 per cent by the end of 2011. This was well above t.. read more

As it was, seven banks failed the test: five Spanish cajas, one Greek bank and Germany's Hypo Real Estate Bank. The latter has bonds on issue in the Australian market and is undergoing a substantial.. read more

The only surprise to come out of the stress tests conducted on 91 European banks, coordinated by the Committee of European Banking Supervisors, is that the results were so benign. This has confirmed.. read more

The credit rating agencies have done it again. As they did in Australia, abandoning the retail market after ASIC introduced its licensing requirements, the ratings agencies have abandoned the public.. read more

Several state government borrowing authorities sold bonds last week, a relatively rare event, least in 2010. The South Australian Government Financing Authority (rated AAA) on Monday added A$500 mil.. read more

APA Group last week provided some rare diversity for investors in term debt, selling $300 million in 10-year debt on Thursday. The issue is notable for being the first 10-year issue by a BBB-rated i.. read more