NAB leads the way 25 May 2009 5:03PM National Australia Bank would not say why it undertook a ₤500 million, five-year, bond issue last week. It could have been raising funds for its Clydesdale Bank subsidiary, which was recently do.. read more
CFS first property trust back in the bond market 25 May 2009 5:02PM CFS Retail Property Trust became the first property trust to re-enter the domestic market last week, when it added $125 million to its September 2012 line to take outstandings to $225 million. The iss.. read more
Demand for NZ debt maintained 25 May 2009 5:01PM The New Zealand Debt Management Office continued adding to its new May 2021 line, with a further NZ$100 million of bonds sold. This time the average yield was at a new high of 6.21 per cent and the of.. read more
OTC derivative practices scrutinised 25 May 2009 5:01PM On Friday, APRA, ASIC and the RBA release the 'Survey of the OTC Derivatives Market in Australia' report. The report summarises the key findings of a survey conducted by the regulators over recent mon.. read more
UK sovereign rating not so sterling 25 May 2009 5:00PM S&P put financial markets in the northern hemisphere in a spin on Thursday night our time, when it changed the outlook on the 'AAA/A-1+' credit ratings assigned to the United Kingdom to negative f.. read more
More on monolines 25 May 2009 4:59PM Monoline insurer, Assured Guaranty Corp., continues to see its credit ratings coming under pressure. Last week Moody's moved again, placing its 'Aa2' insurance financial strength rating on the monolin.. read more
Moody's down on Queensland too 25 May 2009 4:59PM Moody's completed its review of the ratings assigned to the State of Queensland, initiated in late February, by lowering the long-term rating to 'Aa1' from 'Aaa'. The outlook is stable. The downgrade.. read more
Challenger sets up new warehouse 18 May 2009 5:19PM As for the Members Equity Bank securitisation finalised last week - the SMHL Securitisation Fund 2009-1 - the AOFM purchased the entire $500 million of the Class A2 tranche, priced at 135 basis points.. read more
Securitisation challenges 18 May 2009 5:19PM Members Equity Bank and Challenger Mortgage Management finalised mortgage-backed bond transactions last week that highlight the continuing difficulty of generating ongoing investor demand for this cla.. read more
IADB reenters kangaroo sector 18 May 2009 5:18PM The supranational sector kept domestic investors busy last week with European Investment Bank starting the week by opening a new line of May 2014 bonds with a $750 million issue, priced at 112 basis p.. read more