ABS outlook for 2010 stable

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

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

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

NAB and BNZ active offshore

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

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

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

Wrapping up wrappers

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