World Bank spread only 4 bps

If the cash rate in Australia is headed back to what the Reserve Bank of Australia, and others, like to define as a neutral range of say 4.5 per cent to 5.0 per cent over the course of next year, what.. read more

Appreciating $A may stymie recovery

The foundation of all emerging recovery in credit markets remains uncertain to a large degree. The assumption being made is that we have entered a V-shaped recovery. This still seems like a big call t.. read more

Mighty River Power selling bonds

Across the Tasman Sea, Bank of New Zealand added NZ$40 million to its recently opened September 2016 line, to take outstandings to NZ$100 million. The increase was priced at the same margin of 135 bas.. read more

Little visibility on SMART sale

Macquarie Bank priced and upsized its SMART Series 2009-1 Trust transaction. The deal size was increased to A$675 million from A$320 million but only the short-dated A$98.75 million, Class A-1 tranche.. read more

NAB dressing up capital ratio

In what appears to be a clear exercise in year-end window dressing, National Australia Bank sold A$600 million of hybrid, tier one securities to Deutsche Bank London on September 30. The highly struct.. read more

Bondholders offered control of CIT

On Thursday US time, CIT Group announced a comprehensive restructuring plan worked out with bondholders. The goal of the board is for CIT to emerge as a well-funded bank holding company, though one, i.. read more