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With the Reserve Bank of New Zealand's deadline of March 1, by which non-bank deposit takers must have a credit rating fast approaching, S&P assigned ratings to four more non-bank deposit takers l.. read more

The Dutch mortgage lender, SNS Bank NV, visited the Australian market each year between 2004 and 2006 and still has A$700 million of December 2010 and November 2011 bonds outstanding. Moody's downgrad.. read more

A proposal from the struggling New Zealand finance company, Geneva Finance, that debenture and subordinated note investors defer approximately 50 per cent of their currently scheduled principal repaym.. read more

The American Securitisation Forum has written to the US Federal Deposit Insurance Corporation to voice its concern that proposed legislative changes will bring securitisation in the US to an end. read more

ING Bank (Australia) (A+) was the only domestic issuer last week. That said, it issued A$2.0 billion of five-year bonds and received bids of almost A$3.0 billion for the government-guaranteed issue. read more

Commonwealth Bank followed National Australia Bank's lead from the start of this month and raised €1.0 billion for ten years on Thursday night, our time. read more

There was news on Thursday of two "non-deal" roadshows in the domestic market. The term non-deal roadshow is usually considered an oxymoron but in at least one of these cases it probably isn't. read more

More credit ratings are flowing through for small deposit-taking entities in New Zealand as the sector seeks ratings to meet the needs of the new regulatory regime. read more

There was more news last week on the previously flagged retail bond issue by Auckland City Council. News of the potential issue came out just prior to Christmas and the word then was that bondholders.. read more

In some media reports in New Zealand last week the 'BB' long-term rating assigned to PGG Wrightson Finance was referred to as a "pass" mark. read more