World Bank spread only 4 bps 12 October 2009 5:46PM 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
No guarantee no obstacle for CBA in US debt market 12 October 2009 5:45PM The four major banks are steadily weaning themselves off government-guaranteed bond issuance. read more
SingTel sells long-term bonds, inside bank pricing 12 October 2009 5:44PM The 10-year debt market is not just the preserve of banks. Optus Finance Pty Ltd also raised ten-year funds during the week, issuing US$500 million of Euro medium-term notes at a margin of just 150 ba.. read more
Appreciating $A may stymie recovery 12 October 2009 5:44PM 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
Kommunalbanken bounds back into kangaroo market 12 October 2009 5:43PM Kommunalbanken was the surprise issuer of the week, becoming the first non-SSA kangaroo issuer to return to the market post the GFC. read more
Mighty River Power selling bonds 12 October 2009 5:42PM 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 12 October 2009 5:42PM 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 05 October 2009 5:43PM 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 05 October 2009 5:42PM 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
A record quarter for the bond market 05 October 2009 5:41PM Last week saw the two-week hiatus in issuance in the domestic corporate bond market come to an end with A$3.5 billion of bonds sold. read more