ING and BOS rely on guarantee

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

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

Originators profit from discounted RMBS

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

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

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

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

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