Options narrow for South Canterbury Finance 13 July 2009 5:00PM South Canterbury Finance has had its 'BBB-/A-3' long- and short-term credit ratings from S&P placed on CreditWatch with negative implications. This is a result of the financier incurring a NZ$37 m.. read more
Koala Bank stillborn: still a case for an inquiry 13 July 2009 4:58PM Six prominent economists released an open letter to the Prime Minister and Treasurer last week. Included in the letter was a question that asked whether there might be a role in Australia's financial.. read more
QBE looks better to S&P 13 July 2009 4:55PM S&P narrowed the two notch rating differential between the holding company, QBE Insurance Group Ltd., and its core operating subsidiaries to one, by raising its counterparty rating to 'A' from 'A-.. read more
Bond investors can't get enough 06 July 2009 4:49PM Over the first half of 2009 domestic investors have regained their appetite for corporate bonds. Over the six months to June 2009, banks, supranationals and one or two others sold a total of A$44.8 bi.. read more
Offshore A$ bond issuance breaking records too 06 July 2009 4:48PM Offshore corporate bond issuance by Australian entities has also been record breaking. The total for the first half 2009 came in at the equivalent of A$82.1 billion, well ahead of the A$63.2 billion o.. read more
NZDMO sees oversubscriptions of more than four times 06 July 2009 4:47PM New Zealand's Debt Management Office did not cancel its bond tenders on Thursday. Apparently NZDMO was not having any problems balancing its books for the end of the financial year. read more
Wondering why AOFM went AWOL last week 06 July 2009 4:47PM NSW Treasury Corporation was the only issuer in the government sector last week, selling A$825 million of May 2023 bonds to take outstandings to A$1.08 billion. TCorp was able to sell the bonds at a y.. read more
Guarantee on mortgage-backed bonds a talking point 06 July 2009 4:46PM A related problem for the Australian Office of Financial Management is the future of its program of investment mortgage-backed securities. read more
S&P affirms the big four 06 July 2009 4:45PM The week before last Moody's reiterated its negative outlook on the Australian banking system, and last week Standard & Poor's followed and affirmed the 'AA/Stable/A-1+' ratings assigned to the fo.. read more
Liquidity brighter at mid-year 29 June 2009 4:37PM Despite the superficially rapid and significant rebound that has taken place in equity markets over recent months, the equity markets are pretty much flat relative to where they started 2009, as the (.. read more