Plenty of demand for Treasury indexed bond 05 October 2009 5:41PM The first Treasury Indexed Bond from the Australian government, a planned $1 billion issue, was rushed by both domestic and offshore investors and was ultimately oversubscribed by 5.5 times. read more
Credit spreads dropping and A$ rising 05 October 2009 5:40PM The fourth quarter got off to a solid start on Thursday, with bond issues totalling more than A$2.0 billion, from KfW, EIB (again), Rentenbank and ABN Amro Bank Australia. read more
Maturities will add to elevated deal flow 05 October 2009 5:39PM Strong investor demand for corporate bonds is expected to ensure the fourth quarter of 2009 will continue to see high rates of issuance and this should flow into next year. read more
Kiwi kangaroo 05 October 2009 5:39PM Kiwibank will be roadshowing this week ahead of a planned three- and/or five-year New Zealand government-guaranteed bond issue, which could raise up to A$400 million. Kiwibank announced two months ago.. read more
Reduced credit spreads in New Zealand 05 October 2009 5:38PM In New Zealand, Reuters reported that both Manukau and Waitakere City Councils tapped the corporate bond market last week. Manukau added NZ$14 million and NZ$30 million to its September 2013 and 2015.. read more
Further signs of thawing in ABS sector 05 October 2009 5:37PM Macquarie launched its well flagged asset-backed transaction, via SMART Series 2009-1 Trust on Thursday. The A$320 million transaction provides further evidence of the continuing thaw in the securitis.. read more
Another ratings rethink on lenders' mortgage insurance 05 October 2009 5:36PM Fitch last week lowered the rating assigned to the Class B tranche of SMHL Series 2008-1 Fund to 'A+/Negative' from 'AA-'. The move brings the rating into line with those of the 53 subordinated tranch.. read more
Mobius restructure proposed 05 October 2009 5:36PM Standard & Poor's placed the ratings assigned to five tranches of notes issued by Mobius NCM-04 Trust on CreditWatch with positive implications and affirmed the ratings on three other tranches, af.. read more
Stiffer capital requirements for global banks 28 September 2009 4:52PM The meeting of the G20 leaders took place at the end of last week in Pittsburgh amidst expectations for agreements on co-ordinated reductions in economic and financial system support, changes to bank.. read more
Offshore issuance sustained 28 September 2009 4:51PM International corporate bond issuance by Australian entities has also been substantial in 2009 and again it is the banks with government guaranteed bond issues that have led a record-breaking performa.. read more