Telstra limps through domestic market

This may have set something of a challenge for Telstra (rated A) which finally managed to sell bonds in the domestic market, after failing to raise A$500 million for ten years, at 150 basis points o.. read more

Goodman strikes offshore

Issuance activity remained subdued last week but at least we can say that some life seems to be returning to corporate bond markets. read more

Sub-prime arrears take an adverse turn

S&P released its latest data to the end of March 2010 for prime and subprime RMBS arrears. S&P observed that prime RMBS arrears rose to 1.44 per cent of outstandings, an increase of 0.19 per.. read more

More council issuance in New Zealand

Greater Wellington Regional Council (rated AA-) became the next Council to issue bonds in the local market, raising NZ$25 million for 3.5 years at 83 basis points over swap. This is slightly better.. read more

Structured upgrades outnumber downgrades 3:1

Fitch advised that upgrades outnumbered downgrades by three to one in 2009 for the structured finance transactions that it rates in Australia and New Zealand. This strong performance resulted from t.. read more

Room for two in Asia

There may be room for one more Australian bank to carve out a role for itself as an Asian regional bank, ANZ's CEO of Asia Pacific, Europe and America, Alex Thursby, said at a conference yesterday. read more

European mess aids Asian business

Europe's public debt crisis reinforces key themes in ANZ's positioning in Asia, and that of Australian business generally, ANZ's Asian chief told a conference in Melbourne yesterday. read more