Annualised corporate bond issuance reaches $112 billion 27 April 2010 4:23PM There were four issues undertaken in the domestic corporate bond market last week, thereby continuing the trend of steady issuance that has characterised the month. At the moment, the total volume f.. read more
United Energy next for the Reg D market 27 April 2010 4:22PM Details on Commonwealth Bank's Uridashi bond issues, scheduled for tomorrow, firmed up. CBA will issue NZ$91.9 million of bonds with a 5.46 per cent coupon, US$55.7 million of bonds with a 2.47 per.. read more
Good bank / bad bank for South Canterbury 27 April 2010 4:21PM Troubled New Zealand financier, South Canterbury Finance, has finally got a new prospectus into the market so that it can raise funds from the public again, and last week was musing on the possibili.. read more
Clarifying deductibility of subordinated and hybrid debt payments 27 April 2010 4:21PM The Assistant Treasurer, Nick Sherry, moved last week to clarify the tax treatment of certain subordinated notes and "upper tier 2" hybrid securities. The tax treatment of such instruments and wheth.. read more
Outlook for LMIs stabilises 27 April 2010 4:20PM Moody's revised the outlook on the 'Aa3' insurance financial strength rating assigned to QBE Lenders Mortgage Insurance Limited to stable from negative and at the same time affirmed the rating. The.. read more
DEXUS invests in second rating 27 April 2010 4:19PM Following DEXUS Property Group's seven-year bond switch the week before last, Moody's assigned Baa1/Stable/P-2 ratings to DEXUS Finance Pty Ltd., and its securities issuance program, last week. The.. read more
NUA diversifies QBE income and risks 27 April 2010 4:19PM QBE Insurance Group (owner of QBE LMI) has no bonds outstanding in the domestic corporate bond market but has been a regular issuer in the Euro and US s144A markets of senior, subordinated and perpe.. read more
Q10 Trust upgraded and Pepper affirmed 27 April 2010 4:18PM S&P raised the ratings on five classes of notes issued by Q10 Trust, a securitiser of subprime and non-conforming mortgages. Ratings on the Class B, C, D, E and F notes were raised to 'AAA', 'AA.. read more
A growing preference for long bonds 19 April 2010 4:28PM Dexus Property Group (rated BBB+) became the third issuer in recent months to take advantage of improved conditions in the corporate bond market and increasing investor appetite for longer-term expo.. read more
More switching opportunities from TCorp 19 April 2010 4:27PM NSW TCorp continued with its program to replace selected Commonwealth government guaranteed lines with new benchmark lines guaranteed solely by the State of New South Wales. TCorp issued A$1.0 billi.. read more