Debating bank solvency in the crash of 2008: reprised 19 October 2009 5:56PM With corporate Australia so reliant on the banks for debt funding, it is no surprise that the banks, in turn, are reliant on international bond markets for their funding. The Australian banks account.. read more
Educating corporate Australia a market task 19 October 2009 5:56PM A further rationale for the development of a retail corporate bond market is to increase the range of debt funding options available to corporate Australia and decrease reliance on the banks for debt.. read more
Domestic market overshadowed by offshore issuance 19 October 2009 5:54PM It was a quiet week in the domestic corporate bond market with Kiwibank being the only issuer. Initial speculation had Kiwibank issuing up to A$400 million of bonds but when the deal was launched it w.. read more
RBNZ winds back emergency support measures 19 October 2009 5:50PM The Reserve Bank of New Zealand announced last week that it will wind back emergency funding and liquidity measures introduced at the height of the GFC, from the end of this month. Its Term Auction Fa.. read more
AOFM to buy more RMBS - Yours! 19 October 2009 5:50PM In the structured finance sector, Liberty Financial priced its A$126 million Australian Office of Financial Management-supported RMBS issue via Liberty PRIME Series 2009-2. It may not be coincidental.. read more
Incitec Pivot and Origin ready to sell bonds 19 October 2009 5:49PM Incitec Pivot Ltd may be the next company considering a corporate bond issue, either in the domestic market or more likely in the US. The maker of fertiliser received 'BBB/A-2' long- and short-term cr.. read more
Interest optional on uni bonds 19 October 2009 5:49PM In other news from New Zealand, Auckland International Airport is to issue up to NZ$125 million of five-year bonds and the University of Canterbury has launched a unique philanthropic ten-year bond is.. read more
Mirvac REIT buy-out a ratings plus 19 October 2009 5:48PM Moody's otherwise restricted itself to comments on announcements by Transurban and Lend Lease last week. On Transurban's announcement of an in-principle agreement being reached with the New South Wale.. read more
Regulation does not favour consistency 13 October 2009 5:27PM With the advent of the GFC the cry went out from some investors (and even a few politicians) about the need to do something about the credit rating agencies. read more
First anniversary of the financial bail-out 12 October 2009 5:47PM On the weekend just gone, one year ago, the Australian government announced that it would guarantee most bank deposits, and also provide guarantees to support the wholesale funding requirements of ban.. read more