Markets still value CRAs

Standard & Poor's once again received a lot of criticism last week for being too slow to act with its rating downgrades and especially in the case of Greece. Why was S&P only now reducing Gr.. read more

Reynolds Group: issuer of the week

The award for the deal of the week must go to Reynolds Group, the company wholly-owned by New Zealand's richest man, Graeme Hart. Reynolds Group issued US$1.0 billion of eight-year bonds in the US s.. read more

NZDMO borrows more than it needs

While the Reserve Bank of New Zealand left the OCR unchanged at 2.5 per cent and pushed the timing of the first increase out to later in the year, the NZDMO announced that it was increasing its borr.. read more

Telstra seeks Kiwi investors

Having failed to entice Australian investors, Telstra met with investors in New Zealand on Friday, ahead of a planned Kauri bond issue. Telstra last issued in New Zealand in October 2008, when it ad.. read more

Unwrapping Sydney Airport

The Anzac Day holiday shortened week saw very little activity in the domestic market. Rentenbank was the only issuer in the domestic market, adding A$100 million to its January 2015 line and taking.. read more

Greece will not be allowed to wreck the euro

Moody's Investors Service triggered the latest slide in the fortunes of Greece when, on Thursday, it lowered the sovereign rating by one notch to 'A3' and left the rating on review for further possi.. read more

$A funding appeals to BofA and EDC

In other domestic market news, Bank of America (A+) was meeting with investors last week, on a non-deal roadshow. Bank of America last issued here in February 2007, when it raised A$1.0 billion for.. read more