Debt market uncomfortably quiet in second quarter 05 July 2010 4:46PM Average monthly issuance in the domestic debt capital market fell to A$4.2 billion in the June 2010 quarter, down from a monthly average of A$10 billion in the March quarter, and with no issuance at.. read more
Offshore debt sales halved in 2010 05 July 2010 4:45PM Offshore issuance by Australian entities has slowed dramatically over the first half of 2010. This is a favourable trend, as it suggests the banks are much more comfortable with planning for their w.. read more
Securitisation door ajar 05 July 2010 4:45PM The story for the domestic securitisation market is seemingly stronger than for the sovereign, bank and corporate bond market. Issuance volume at the end of the June 2010 half totals A$9.3 billion,.. read more
Reynolds lift NZ$ issuance 05 July 2010 4:44PM In New Zealand domestic bond issuance is running at NZ$3.3 billion, compared with NZ$5.0 billion in the first half of 2009 and NZ$9.8 billion for the full year. read more
ME securitisation an expensive precedent 05 July 2010 4:43PM ME Bank upsized its SMHL Securitisation Fund 2010-2E RMBS issue to A$1.2 billion, from A$980 million; but it may have set an expensive precedent with the pricing of the US$335 million of Class A1 no.. read more
Sydney Airport lands investors 05 July 2010 4:43PM There was some modest issuance in the domestic corporate bond market to see out the end of the unlamented first half of 2010. read more
QBE and BOQ seek convertible capital 05 July 2010 4:42PM Bank of Queensland and QBE Insurance Group both announced lower Tier II qualifying, convertible note issues to the ASX on the last day of the financial year. read more
Consolidation the next step in New Zealand 05 July 2010 4:41PM It seems the pressure that has been building in recent years for consolidation of New Zealand's highly fragmented finance sector, outside of the big banks, is starting to have an effect. read more
Poor outlook for CRAs 05 July 2010 4:40PM It is not generally well known that credit rating agencies Standard & Poor's and Moody's rate each other. S&P has only a short-term credit rating of 'A-1' on Moody's, while Moody's has a lon.. read more
More Bluestone downgrades 05 July 2010 4:39PM Standard & Poor's lowered its ratings on three tranches of RMBS from another two Bluestone Group subprime and non-conforming RMBS issues last week. Ratings on the Class BA, BZ and CA notes issue.. read more