ING and BOS rely on guarantee 31 August 2009 4:44PM In the domestic bond market last week, it was the local operations of international banks that were the only corporate bond issuers, and then with an Australian government guarantee. read more
SAFA passed on government guarantee 31 August 2009 4:42PM The South Australian Government Financing Authority (rated AAA) launched and priced a A$500 million bond on Friday. The bond, which comes without a Commonwealth government guarantee and matures in Apr.. read more
Foreign issuers once again a feature of the domestic bond market 31 August 2009 4:41PM At the close of business on Friday, domestic corporate bond issuance for the month of August stood at a solid A$10.6 billion, taking the year to date total to a new record of A$69.6 billion. read more
Macquarie CountryWide CMBS may prove an exception 31 August 2009 4:39PM In what might have been a further sign that the market for securitised assets might be starting to unfreeze, just a little, Macquarie CountryWide launched a A$265 million CMBS issue last week. This is.. read more
Originators profit from discounted RMBS 31 August 2009 4:38PM Further to our commentary last week on the use of switches in the residential mortgage-backed securities market to encourage investors to take up new RMBS issues, Fitch Ratings observed last week that.. read more
Still no clear path for RMBS 24 August 2009 5:38PM There were two significant events in the structured finance sector last week. One underlines the current path the sector is on - a path that is seemingly only prevented from being terminal by the life.. read more
Spreads decline for ME Bank 17 August 2009 4:47PM As for the debt issuance last week, Westpac and Citigroup dominated but weren't necessarily the most noteworthy. That distinction belongs to ME Bank (formerly Members Equity Bank), which issued A$500.. read more
Debt river running deep 17 August 2009 4:47PM Issuance continued apace in the domestic market last week. Just two weeks into August and corporate bond issuance for the month already amounts to A$7.4 billion, more than half of the record issuance.. read more
Suncorp finds real money investors 17 August 2009 4:46PM The most surprising news of the week though, was Suncorp Metway's announcement of its A$1.2 billion, Apollo Series 2009-1 RMBS issue. This is the largest RMBS issue since St George Bank undertook its.. read more
Genworth, and RMBS sub-debt, downgraded by Fitch 17 August 2009 4:45PM Just to prove that the rating agencies maintain their own independent view on the mortgage insurers and the level of support they provide to residential mortgage-backed securities, Fitch downgraded 53.. read more