Retail investors will have to pay for credit ratings 12 April 2010 4:34PM As reported in Banking Day on Friday, Corporate Scorecard has obtained a licence from ASIC to provide wholesale credit ratings. Perhaps Corporate Scorecard can fill the gap in the retail market that.. read more
No amount of money may buy a rating for BMW 12 April 2010 4:33PM In this context, it was interesting to read a Reuters report last week of luxury car manufacturer BMW's plans to issue retail bonds in Asian markets, including Australia. BMW issues retail bonds in.. read more
Citi, Rentenbank and EIB end a busy quarter 06 April 2010 3:40PM Domestic corporate bond issuance stood at A$31.6 billion at the end of the first quarter of 2010, compared with A$24.2 billion at the same time last year. This is surprisingly well ahead, given that.. read more
Adelaide Airport replaces credit wrapped bonds 06 April 2010 3:39PM Adelaide Airport last week bought back 85 per cent of its credit-wrapped December 2010 bonds and placed A$235 million of September 2015 FRNs via New Terminal Financing Co (rated BBB). read more
ALE Notes 2 bookbuild oversubscribed 06 April 2010 3:38PM As advised last week, the bookbuild for the ALE Notes 2 unrated, subordinated, ASX-listed note issue took place on Wednesday. The bookbuild generated more than enough interest to cover the A$100 mil.. read more
Issuers neglect NZ$ retail market 06 April 2010 3:37PM In New Zealand ANZ National Bank saw out the month and the first quarter with a NZ$250 million retail bond issue. The five-year bonds were priced at 135 basis points over swap to yield 6.6 per cent.. read more
Offshore bond issuance is not so strong 06 April 2010 3:37PM Offshore bond issuance by Australian borrowers stood at the equivalent of A$33.6 billion at the end of the first quarter of 2010, against A$49.9 billion at the same time last year. read more
Macquarie Uni considers bond issue 06 April 2010 3:35PM Macquarie University has been assigned an 'Aa2' long-term credit rating by Moody's, with a stable outlook. The rating reflects Macquarie University's sound operating performance, positive liquidity.. read more
AXA downgraded by S&P 06 April 2010 3:34PM AXA SA has A$750 million of perpetual/callable securities outstanding in the domestic market. The earliest date at which the securities can be called is October 2016. read more
They shoot GGs don't they? 01 April 2010 5:50PM Yesterday saw the end of the Australian government's wholesale guarantee scheme for Australian ADIs' large deposits and wholesale funding. The demise of the scheme was announced by Treasurer, Wayne.. read more