ABS outlook for 2010 stable 08 March 2010 5:56PM Both Standard & Poor's and Moody's released their fourth quarter 2009 reviews of the Australian asset-backed securities market last week. The Australian ABS sector has revived, with reboundi.. read more
Kangaroos lead the domestic market 01 March 2010 5:28PM Two months into 2010 and issuance in the domestic corporate bond market is slightly ahead of where it was at the end of February 2009. Year-to-date issuance totals A$15.6 billion (taking the rolling 1.. read more
Credit Union Australia sells RMBS 01 March 2010 5:27PM Issuance in the mortgage-backed securities market is certainly well ahead of where it was this time last year, though the number remains small with the year-to-date total now at A$2.5 million. Last ye.. read more
Rates revenue pledged to secure Auckland City bond 01 March 2010 5:26PM Further to comments made last week, the upcoming NZ$350 million, five-year, retail bond issue will be secured by a charge over the Council's rate revenue. This should result in the bonds issued by the.. read more
Semi-governments sort out funding strategies 01 March 2010 5:26PM It was certainly a week for high quality bond issuance, with AOFM, QTC, TCorp and TCV all active. read more
NAB and BNZ active offshore 01 March 2010 5:25PM National Australia Bank and its subsidiary, Bank of New Zealand, raised funds in the US s144A market and the Euromarket, respectively. nab raised US$1.25 billion for five years at 140 basis points ove.. read more
Asciano to issue bonds but not here 01 March 2010 5:24PM With the release of its interim results last week, Asciano reminded investors that it has some A$2.25 billion of debt to roll over by 2012 and outlined plans to sell bonds to finance half this amount. read more
To BHP or not to BHP 01 March 2010 5:24PM There was some excitement last week when the news broke that BHP Billiton will be meeting with local debt investors over the next few weeks - and it will be doing so without any bankers involved. read more
Encouraging signs for remaining credit wrappers 01 March 2010 5:23PM In its report entitled "Financial Guaranty Insurance Industry: 2009 Review and 2010 Outlook", Moody's Investors Service notes that the outlook is negative for the battered financial guarantor industry.. read more
Wrapping up wrappers 01 March 2010 5:22PM Assured Guarantee and FSA were the last of the credit wrappers to be rated by Fitch. It had already ceased rating Ambac Assurance Corp., MBIA Insurance Corporation, Syncora Guarantee (previously known.. read more