Domestic bond market tires in September 28 September 2009 4:51PM At the end of the third quarter of what can only be described as a momentous year for global financial markets - for worse and for better - it seems appropriate to look at the performance of relevant.. read more
Money market back to normal, one year later 28 September 2009 4:50PM Conditions in money markets have improved immensely since the start of the year. It is money markets that provide the liquidity essential to the functioning of all other financial markets. read more
AOFM to issue indexed bonds this week 28 September 2009 4:49PM Following on from NSW Treasury Corp the week before last, Queensland Treasury Corp announced last week which of its bond lines have been formally guaranteed by the Commonwealth government. The lines a.. read more
Up to banks to dispense with wholesale guarantee 21 September 2009 4:41PM Our commentary last week on possible changes to the federal government's guarantee scheme for wholesale debt issuance by the banks and other ADIs may have been pre-emptive but seemingly quite close to.. read more
ME Bank back for seconds from RMBS investors 21 September 2009 4:40PM Not being satisfied with having just re-opened the market for non-AOFM backed RMBS issuance the week before last, ME Bank fronted up again last week with another non-AOFM backed RMBS issue, as referre.. read more
New Zealand debt market reopens 21 September 2009 4:39PM For the first time in a while now, there was no corporate bond issuance in the Australian domestic market last week. In fact, all the activity was in New Zealand, where a window seems to have reopened.. read more
NSW TCorp takes guarantee 21 September 2009 4:39PM The NSW Treasurer, Eric Roosendaal, announced during the week that NSW Treasury Corp accessed the Australian government's guarantee scheme for state government bond issues, for each of TCorp's May 201.. read more
The rush is on for Heritage 21 September 2009 4:38PM Heritage Building Society (rated 'A3/BBB') is set to become the next borrower to tap the retail market. After a rush of issuance earlier in the year, the retail market appeared to be set to take off,.. read more
What price for seven- to ten-year debt? 21 September 2009 4:37PM The remaining issuance activity last week took place offshore. Westpac issued €1.75 billion of seven-year bonds in the Euromarket, priced at 118 basis points over mid-swaps. This issue took place wh.. read more
NAB hybrid swamped in US 21 September 2009 4:36PM The other big issue of the week was National Australia Bank's US$600 million Tier 1 hybrid issue. read more