Retail bond issuance gaining momentum 25 March 2009 5:40PM As this publication flagged on Monday, Tabcorp has announced a retail bond issue to raise approximately $200 million. The bonds will be listed on the ASX with a minimum subscription parcel size of $50.. read more
Time to review the government guarantee on bank bonds 23 March 2009 6:05PM The first quarter of 2009 has one week to run and issuance in the domestic corporate bond market is already greater than in any other quarter, at $22.8 billion. read more
The banks may have overplayed their hands 18 March 2009 5:47PM The global financial crisis has led to our banks tightening their underwriting standards, raising loan margins, reducing exposures and exiting others. At the same time, increased emphasis has been pla.. read more
Suncorp continues to rely on private placements 18 March 2009 5:46PM Suncorp has made only one public bond issue since the government guarantee became available, issuing A$1.1 billion of April 2012 bonds in early December. read more
AMP leads, others will follow 09 March 2009 5:47PM AMP has stepped up to the challenge and is going to test retail investor demand for a listed corporate bond - and should be well rewarded for doing so. The coupon has been set at a level that will att.. read more
Probability of sovereign default has sharply increased 09 March 2009 5:45PM The Bank for International Settlements released its March 2009 quarterly report last week. Within the report the BIS makes some observations on supply and demand for government bonds, noting that inve.. read more
Retail investors rush Contact Energy's bond issue 09 March 2009 5:45PM Contact Energy closed on Friday, the retail bond issue that it opened on Monday, after raising NZ$550 million. The issue was launched at $300 million with oversubscriptions to be accepted. The five ye.. read more
Bank ratings under the spotlight 09 March 2009 5:43PM The local stock market gave more prominence than it deserved to Moody's Investor Service's rating outlook change to negative on three of the big four banks, and used it as an excuse for yet another se.. read more
Rating agencies awaited the fourth revision of the AIG plan 09 March 2009 5:42PM The announcement of American Insurance Group Inc's (AIG) US$62 billion loss for the fourth quarter of 2008 (US$99 billion for 2008) and revised restructuring plan from the US Treasury and Federal Rese.. read more
Cost of credit improves as the slump extends 02 March 2009 5:55PM There was a certain optimism in financial markets as we started 2009, a hope that the new year would be better than a dreadful 2008. However, February was destined to bring us back to reality as compa.. read more