Longer maturities cost more

The New Zealand Debt Management Office added a further NZ$100 million to its new May 2021 line last week, to take outstandings to NZ$200 million. The new bonds were issued at an average yield of 6.08.. read more

FMG rating under pressure

FMG Finance Pty Ltd is the finance arm of Fortescue Metals Group (FMG) and has US$1.65 billion and €315 million of bonds on issue in the US s144A market with maturities ranging from September 2011 t.. read more

Differing views on Wells Fargo

Fitch Ratings placed the ratings of nine US banking companies and their subsidiaries, including Wells Fargo & Co. (AA/F1+), on Rating Watch Negative, on Friday. The action reflects Fitch's view th.. read more

ANZ wades in non-guaranteed waters

ANZ became the latest of the major banks to issue non-government guaranteed bonds last week, following the now well-established pattern of issuing three-year bonds. read more

Property trusts seek fresh credit ratings

As a possible precursor of things to come Standard & Poor's assigned an 'A-' corporate credit rating to AMP Capital Shopping Centre Fund with a stable outlook. The assignment of the rating follows.. read more