Toyota Finance Australia to sell Uridashis 31 May 2010 4:41PM As for other issuance last week, Westpac quietly raised US$90 million for one year, at a margin of just two basis points over Libor. And AOFM issued a further A$300 million of August 2020 inflation.. read more
RMBS arrears rising 31 May 2010 4:40PM Moody's reported that data for the first quarter of 2010 shows arrears on Australian RMBS are starting to rise. Arrears greater than 30 days on prime RMBS increased to 1.34 per cent over the first q.. read more
Goodman looks offshore to sell corporate bonds 31 May 2010 4:40PM Reuters reported that Goodman Group (rated BBB) intends to sell bonds in Europe or the US within the next six months, to partially refinance debt maturing in 2013. CEO, Greg Goodman, was reported as.. read more
Lloyds and RBS making progress 31 May 2010 4:39PM Weakening asset quality and operating performance will continue to pressure Netherlands-based SNS Bank's earnings. As a result, S&P revised the outlook to negative from stable on its long-term r.. read more
Subsidy for Suncorp 26 May 2010 4:11PM The timing may be coincidental with the GFC II, that now seems to be under way, but Australian Office of Financial Management announced yesterday that it is moving once again to actively subsidise p.. read more
What happens if the IMF runs out of funds? 24 May 2010 5:00PM The US Senate last week moved to legislate against the funding of IMF bail-outs of countries that have been sufficiently irresponsible as to allow their public debt to reach or exceed 100 per cent o.. read more
Australian markets fared worst last week 24 May 2010 5:00PM The rout of global financial markets continued last week and Australia copped the worst of it: hit by a triple or even a quadruple/quintuple whammy. The extent of the impact is exemplified by the fr.. read more
A further incentive to allow covered bonds 24 May 2010 4:59PM No doubt the latest threat to securitisation markets provides even greater impetus to the push to allow Australian ADIs to issue covered bonds. read more
A threat to securitisation avoided 24 May 2010 4:59PM Last week Banking Day reported on the recent inclusions in the Wall St Reform Bill that would in effect 'nationalise' credit rating agencies. But in the meantime a regulatory change to the Credit Ra.. read more
May issuance drought may take debt market back to September 2008 24 May 2010 4:58PM The corporate bond issuance drought continued in the domestic market with May now looking set to become the first month of no issuance since September 2008. However, nervousness in the corporate sec.. read more