NZDMO revises borrowing requirements

New Zealand's Debt Management Office advised on Friday its latest borrowing requirements for the next fiscal year and beyond. NZDMO expects to issue NZ$12.5 billion of bonds next year, including a n.. read more

Split AAA rating affirmed for credit wrappers

The two remaining AAA-rated credit wrappers - Assured Guaranty Corp and Assured Guaranty Municipal Corp (formerly Financial Security Assurance) had their 'AAA' credit and financial strength ratings.. read more

Issuance subdued globally

Corporate bond issuance was subdued, globally, last week. The Australasian markets opened on Monday morning to the news that the EU and IMF had agreed on Sunday to a massive €750 billion support pac.. read more

Leighton taps US private placement market

Offshore, Leighton Holdings (BBB) priced US$350 million of bonds in the traditional private placement market in the US. The issue comprises three tranches: US$95 million with a five-year term to mat.. read more

Major hurdles for retail corporate bonds

With the delivery of the Australian government's 2010/11 Budget on Tuesday night, ASIC made the long-awaited announcement that it provided class order relief, allowing certain offers of listed 'vanill.. read more

Retail bond obstacles are not insurmountable

Given these three hurdles, market reaction last week to ASIC's announcement was pretty flat. However, it is the last hurdle that actually holds the keys to why a retail corporate bond market could in.. read more

Near nationalisation for ratings agencies

Apologies for the sensationalist heading but this appears to be the intent of amendments passed in the US Senate to the Wall St Reform Bill, late on Thursday. The first amendment, passed 64 votes to 3.. read more