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It was a subdued end to the month of October, with very little issuance activity seen in the domestic market or offshore. In the domestic market Heritage Building Society completed retail, subordinate.. read more

In the structured finance sector, FirstMac on Friday launched what will be the last mortgage-backed security deal that draws on the second round of funding from the Australian government. read more

There was much more offshore bond issuance in the month of October, just not that much last week. The only two reported offshore issues came from Coca-Cola Amatil, which sold US$400 million of debt in.. read more

The RBNZ did not raise the official cash rate from 2.5 per cent last week, despite expectations emerging in the market that it was likely to do so, and in the face of rising term deposit rates. read more

Auckland International Airport launched its five-year bond issue mentioned two weeks ago. AIA (rated A-) is seeking to raise up to NZ$125 million through a combined retail and institutional offering t.. read more

Standard & Poor's last week provided updated data on the performance of mortgage-backed securities, and trends are promising for investors at least. read more

Credit Union Baywide has become the next New Zealand non-bank deposit-taking institution to seek a credit rating to qualify for continuing coverage under the New Zealand government's deposit guarantee.. read more

In an address to Scottish business organisations in Edinburgh last week, Mervyn King, governor of the Bank of England, again repeated his call for banks too big to fail to be broken up. read more

Corporate bond markets and big banks are competitors for supplying funding to corporates, and this tension is worth reflecting on as the debate warms up internationally on the structure and regulation.. read more

The domestic corporate bond market last week saw the welcome return of another true corporate issuer. Downer EDI (rated 'BBB' by Fitch Ratings) sold A$150 million of four-year bonds at swap plus 375 b.. read more