AMP sells $1bn RMBS

The highlight of the debt capital market last week was AMP Bank's pricing of its prime RMBS issue via Progress 2010-1 Trust. Investor demand was such that the deal was upsized to A$1.0 billion from A$.. read more

BNP Paribas downgraded

Moody's lowered its senior debt and deposit ratings on BNP Paribas and also its bank financial strength rating by one notch to 'Aa2' and 'B-', respectively. These changes flowed through to all other l.. read more

Moody's says ABS performance positive

In its latest review of Australian ABS entitled "Australian Auto and Equipment Lease ABS: 2009 Performance Update", Moody's says the overall performance of the sector has been positive. The credit rat.. read more

Bond funding available for corporates

All this points to promising opportunities for industrial and resources companies in Australia to exploit the funding option that the domestic bond market provides. read more

Kangaroos only sold into domestic bond market

In the domestic market, Inter-American Development Bank and Asian Development Bank were the largest issuers, while it was the latter and Landwirtschaftliche Rentenbank that opened the only new lines -.. read more

Offshore issuance already at $9.7 billion

Pressure remains on the Australian dollar/US dollar basis swap in early 2010. At the end of only the second week of the year, the four major banks have issued the equivalent of A$8.4 billion of bonds,.. read more

RMBS outstandings lowest since May 2004

At the same time, S&P released its Australian RMBS arrears statistics for October 2009 and reported a slight rise in arrears of more than 30 days to 1.27 per cent of outstanding prime RMBS, up fro.. read more