Banks top up their funding 01 February 2016 4:43PM The highlight of a short week in the domestic corporate bond market was an A$800 million five-year floating rate note issue from the Sydney branch of Royal Bank of Canada (rated AA-). read more
A year of excess for ASX listed notes 26 January 2016 4:54PM 2015 was not a great year for the ASX-listed bond market. read more
2015 a year of tightening liquidity and widening credit spreads 25 January 2016 5:03PM The story of the second half of 2015 is that liquidity was tightening as debt markets anticipated the first increase in the Fed Funds rate in almost ten years and both the spread between the three mon.. read more
Comment: Sub-investment grade hybrid margins a triumph of hope over experience 30 November 2015 4:31PM Despite Commonwealth Bank's A$3.0 billion PERLS VII hybrid note issue continuing to present a shining example of the risks of buying over hyped and under-priced hybrid notes, it seems no-one has yet l.. read more
144a market may soon live up to its name 23 November 2015 4:59PM Following ANZ's venture into the US s144A market the week before last, Westpac (rated AA-) last week raised US$3.75 billion in the same market. The Westpac volume pipped ANZ's effort by US$0.5 billion.. read more
All talk, but what talk in Australia debt market 23 November 2015 4:58PM It was more about talk than action in domestic credit markets last week. The action was limited to just four small issues in the domestic corporate bond markets. read more
BNZ queue for Tier 2 16 November 2015 4:52PM National Australia Bank's subsidiary, Bank of New Zealand, advised the NZDX that it intends to issue tier two bonds this week. read more
A 27 per cent risk ratio beckons for banks: FSB 16 November 2015 4:50PM On Monday last week, the Financial Stability Board released to the G20 its final standard on Total Loss-Absorbing Capacity for the 30 global systemically important banks, the G-SIBs. The requirements.. read more
ANZ and Westpac issues show evidence of widening credit spreads for the majors 09 November 2015 5:01PM Issuance volume in the domestic corporate bond market in the month of October was the second largest of the year, coming in at A$11.9 billion. read more
ANZ will pay-up to sell new Tier 2 debt issue 05 November 2015 6:00PM In a press release yesterday, ANZ advised it had launched only the second Basel III compliant Tier2 subordinated bond issue from a major bank for the year. The issue could well be priced today, but AN.. read more