Moody's Spanish upset 05 July 2010 4:39PM Global financial markets were reportedly upset by Moody's placing the 'Aaa' rating that it assigns to Spain on review for possible downgrade. This could hardly have come as a surprise. read more
Syndicated loan volume down in Australia but up in Asia 01 July 2010 4:35PM In one measure of the liquidity in Asian capital markets syndicated loan volumes are up over 50 per cent, year on year, at US$111 billion over the first half of 2010, industry publication, basis poi.. read more
Five-year market reopens for Westpac 30 June 2010 4:19PM Westpac launched and priced a A$800 million, five-year bond issue yesterday at a margin of just 135 basis points over bank bills/swap. At 135 bps, the indicative margin is just a little wider than w.. read more
Bank levies may yet fill budget holes 28 June 2010 4:09PM The events of last week may well prove to be significant for global banking, including banking in Australia. In the case of the latter, it is the ascendancy of Julie Gillard to the office of prime m.. read more
Wall St Reform Bill not so tough 28 June 2010 4:08PM US Congressional negotiators have agreed the Wall St Reform Bill, which will now receive Congressional approval this week and is expected to be signed into law by President Obama on or before July 4.. read more
ME Bank reopens offshore market for RMBS 28 June 2010 4:07PM Two new securitisation deals were launched late on Friday, one of them being the first mortgage-backed bond pitched at European and Asian investors since a St George deal in June 2007. read more
NAB wins the prize for market timing 28 June 2010 4:05PM Issuance volumes continued to build in the domestic corporate bond market last week. Triple A rated agency issuers, KfW and Kommunalbanken were active, with the former pricing a A$250 million increa.. read more
Refinancing risk returns to CMBS 28 June 2010 4:04PM Refinancing risk has become a reality for another issuer of commercial mortgage-backed securities. Becton CMBS No.1 Pty Ltd has a scheduled maturity date of 18 July 2010 and a final maturity date of.. read more
Moody's negative on Westpac LMI 28 June 2010 4:03PM Some three weeks after Fitch and S&P assigned 'AA/Stable' and 'AA-/Stable' insurer financial strength ratings respectively to Westpac Lenders Mortgage Insurance Ltd, Moody's followed with the as.. read more
Investor confidence returning quickly 23 June 2010 4:26PM The weak phase in the bank debt market lasted around 12 weeks, if the debt marketing strategy of National Australia Bank is any guide. read more