Bank credit spreads are widening

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

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

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…

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

MyState offers debt investors a great deal

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

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