Ambac Assurance Corp lowered to 'R' 29 March 2010 5:43PM 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 29 March 2010 5:42PM 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
NAB pays a premium for wealth bonds 24 March 2010 6:06PM National Wealth Management Holdings priced $350 million of three year, senior, bonds yesterday. read more
Trio of kangaroos 22 March 2010 5:22PM 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 22 March 2010 5:21PM 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 22 March 2010 5:21PM 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 17 March 2010 6:03PM 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 15 March 2010 5:40PM 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 15 March 2010 5:40PM 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 15 March 2010 5:39PM 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