Ambac Assurance Corp lowered to 'R'

Standard & Poor's lowered its ratings on the senior secured debt issued by Reliance Rail Finance to 'BBB-' from 'BBB+' and its ratings on the junior secured debt to 'BB' from 'BBB-'. read more

Barclays Bank improving

Moody's changed the outlook on the 'C' bank financial strength rating assigned to Barclays Bank Plc to stable from negative and at the same time affirmed its 'Aa3/P-1' credit ratings. The change is.. read more

Trio of kangaroos

KfW, Council of Europe Development Bank and European Investment Bank were all active last week and Investec (Australia) got in some government-guaranteed issuance. read more

Fonterra, Transpower and SBS sell term debt

Further to comments made last week, Fonterra Cooperative Group closed its NZ$150 million retail bond issue on March 4, with the bonds listed for trading the next day on the NZDX. The six-year bonds.. read more

CBA busy too

Commonwealth Bank was active offshore on Monday night, raising US$3.5 billion in the US s144A market. CBA raised US$750 million for three years at Libor plus 55bps, US$1.75 billion for five years an.. read more

Patience pays for Telstra and Euro investors

Telstra completed its European debt investor roadshow last week and on Monday night sold €1.0 billion of ten-year bonds at just 103 basis points over mid-swaps. It seems that European investors ha.. read more

Credit Suisse debuts

It was the Australian branches of international banks that dominated issuance in the domestic debt capital market last week. read more

Transurban first in 2010

In the domestic market, Transurban, rated A-, became the first corporate issuer of the year to launch a deal. At last reports, orders for up to $180 million had been received for the four-year bonds.. read more

Kangaroo issuance tightens swap

It seems that there will be a lot more international bank issuance taking place now, in the form of kangaroo issuance. This follows on from the success of the JP Morgan Chase and HSBC issues the wee.. read more