Asset-backed securities in demand

Some reasonable investor demand is also being seen in the asset backed securities market with the fourth issue for this year being priced on Friday. However, the same cannot be said for commercial m.. read more

No demand for CMBS

The market for commercial, mortgage-backed securities has been afflicted this year by issuers that have not been able to refinance their issues on their scheduled maturity dates. Leda Property Group.. read more

NAB goes for Maple before Samurai

Offshore, National Australia Bank sold C$400 million of five year Maple bonds at a spread of 168.5 basis points over Canadian government bonds and US$100 million of February 2012 bonds in the US s14.. read more

Nufarm hybrid at 66 cents

The value of Nufarm's step-up hybrid securities has taken a hammering, along with the credit rating assigned to the securities and the share price of the company. Standard & Poor's lowered the r.. read more

CBS intends to issue RMBS

Canterbury Building Society has established a NZ$100 million warehouse facility with Westpac. RMBS will be issued once sufficient volume has built up in the warehouse. read more

PSIS could be upgraded

In a seemingly rare positive development for New Zealand finance companies, PSIS had the outlook on its BB+ long term credit rating from Standard & Poor's revised to positive from stable. Its BB.. read more

Wall St Reform Bill passed

The US Senate finally passed the Wall St Reform Bill, otherwise known as the Dodd-Frank Bill, on Thursday. The bill was passed on a vote of 60 to 39, yet earlier in the week it seemed that the vote.. read more