Valemus cancels planned bond

The postponement of the Valemus initial public offering, announced early last week, has meant the intended subsequent bond issue has been canned. S&P advised that it had withdrawn its 'BBB-' lon.. read more

PGG Wrightson extends

PGG Wrightson Finance confirmed on Friday its intention to extend the NZ$100 million bonds, due to mature in October, for a further 12 months to October 8, 2012. The crown guarantee attached to the.. read more

RHG RMBS ratings restored, then lowered

Standard & Poor's restored credit ratings to the RMS Trust Series UniCredit (1) RMBS notes - a securitisation by RHG Mortgages Securities Pty Ltd. The ratings were withdrawn in December 2009 due.. read more

Fitch follows on Mobius

Following on from S&P three weeks earlier, Fitch raised its ratings on six tranches of mortgage-backed bonds issued by Mobius NCM-04 Trust. Ratings on the Class B, C, D, E, F and M tranches were.. read more

NAB clarifies the cost of long-term debt

We have been suspicious of the true cost of wholesale debt funding for the major banks for a couple of months now. To date, the banks have done a very good job of keeping the market guessing, with s.. read more

Bendigo optimistic on pricing mortgage bonds

Bendigo and Adelaide Bank launched its second, prime, mortgage-backed securities bond for the year on Monday. The issue, via TORRENS Series 2010-2 Trust, is for $750 million in securities and follow.. read more