Structured finance performance robust 18 January 2010 5:31PM Last week, Fitch Ratings noted that the performance of Australian and New Zealand structured finance transactions remained robust in the December 2009 quarter, as reflected by a total of 28 publicly r.. read more
Auckland rates may secure retail bond issue 18 January 2010 5:30PM The start to the new year was much more sedate across the Tasman. ANZ National Bank raised NZ$100 million for three years in the domestic market, priced at 105 basis points over swap, while BNZ, ASB a.. read more
GMIC downgrade tolerable for Genworth 18 January 2010 5:30PM Standard & Poor's last week affirmed its 'AA-/Stable' financial strength ratings on Genworth Financial Mortgage Insurance Pty Ltd, the main operating entity for the mortgage insurance business of.. read more
Corporate default rate expected to fall 18 January 2010 5:29PM The week before last, Standard & Poor's released its latest global data on corporate defaults for 2009. The total came to 265 corporate defaults, and the highest annual tally since S&P started.. read more
A quarter for consolidation in debt markets 21 December 2009 5:36PM With the end of 2009 just about upon us, we can reflect on what a year it has been. At the start of the year the outlook for financial markets remained bleak, after the collapse of the global banking.. read more
BOS only bond vendor at home 14 December 2009 5:42PM There was only one bond issue in the Australian market last week, this being from the Australian branch of Bank of Scotland Plc. The bank returned with another Commonwealth government guaranteed, 15-m.. read more
Bank funding pricey, offshore and onshore 14 December 2009 5:42PM Westpac returned to the US s144A market last week to raise a further US$3 billion, for three years, evenly split into fixed and floating rate tranches. read more
A busy week in New Zealand 14 December 2009 5:41PM New Zealand was the more active of the domestic markets last week, with Watercare Services, World Bank and Westpac all undertaking bond issues. Goodman Property Trust and University of Canterbury (see.. read more
RMBS bond expected from Westpac 14 December 2009 5:41PM Talk also emerged on Friday that Westpac is preparing to launch a A$1 billion mortgage-backed bond issue, which, according to Reuters, will include a triple A rated tranche priced at 130 bps over bank.. read more
Mild support for University of Canterbury philanthropic bonds 14 December 2009 5:40PM As reported in mid October, the University of Canterbury launched a unique philanthropic ten-year bond issue, under which it is hoping to raise NZ$50 million and would take over subscriptions of a fur.. read more