Bank credit spreads are widening 26 October 2015 4:47PM The pricing of two issues in the debt capital market in the past week confirms the widening trend in spreads evident in the primary market for a few months now. read more
AOFM auction fizzes once more 26 October 2015 4:44PM The Australian Office of Financial Management held its fifth and least successful auction of some its mortgage-backed bond holdings. read more
Further BBSW revisions proposed 26 October 2015 4:43PM The methodology for setting the Bank Bill Swap Rate was revised in September 2013, following the revelation of the Libor rigging scandal. This involved moving from a submissions based benchmark to a m.. read more
As for the corporate bond market… 21 October 2015 4:54PM The Government will develop legislative amendments to modernise and simplify disclosure requirements for large corporates issuing "simple" corporate bonds to the retail market, in response to a recomm.. read more
Upcoming maturities to drive debt market activity 19 October 2015 5:04PM Issuance in the domestic corporate bond market was again very light last week. While it appears that October could be another light month like September, there are some A$6.6 billion of bonds maturing.. read more
Further credit spread widening expected 19 October 2015 5:00PM Fitch Ratings released its fourth Australian Fixed Income Investor Survey last week, compiled in conjunction with KangaNews. read more
Comment: Apple bond enthusiasts blind to downside risks 24 August 2015 3:24PM The domestic corporate bond market went into raptures late last week over the debut of Apple Inc (rated AA+). After briefing investors on Tuesday, Apple launched a three tranche issue with an ex.. read more
DCM week: Largest ever Korean issue in the domestic market 17 August 2015 3:29PM With more financial market turbulence last week, thanks to China's decision to devalue the yuan over three days, domestic corporate bond market issuance activity was light. read more
MyState offers debt investors a great deal 10 August 2015 3:40PM All the attention in the debt capital market over the past week has been on Westpac's hybrid issue but the deal of the week was actually MyState Bank's modest tier two issue, which was priced at 500 b.. read more
Investor demand returns for hybrids 10 August 2015 3:38PM Westpac was rewarded for having increased the credit margin on its impending Capital Notes 3 issue, with a bookbuild last Wednesday that saw A$1.25 billion of orders accepted against an issue size, at.. read more