Melbourne Airport and Vodafone looking for long term debt 19 July 2010 5:02PM Following the pricing of the APA Group issue last week came news that Melbourne Airports (rated A-) will be meeting with investors this week. Melbourne Airports has a $250 million, credit wrap.. read more
Asset-backed securities in demand 19 July 2010 5:01PM 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 19 July 2010 5:00PM 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 19 July 2010 4:58PM 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 19 July 2010 4:57PM 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 19 July 2010 4:55PM 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 19 July 2010 4:54PM 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 19 July 2010 4:52PM 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
Bill prompts ratings agencies to downgrade each other 19 July 2010 4:47PM With the passing of the reform bill, Standard & Poor's promptly resolved its CreditWatch on Moody's Investors Service, initiated at the end of June, and lowered its short term credit rating to '.. read more
Bluestone refinances Irongate Property 12 July 2010 4:37PM Bluestone Group has linked up with the alternative asset manager Varde Partners to finance the New Zealand commercial property investment company, Irongate Property. read more