No amount of money may buy a rating for BMW

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

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

ALE Notes 2 bookbuild oversubscribed

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

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

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

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

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?

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