Westpac completes a relatively strong two months of issuance 02 March 2009 5:53PM Westpac completed the month of February in the domestic corporate bond market with its first government guaranteed bond issue raising a total of $1.925 billion for five years. The two tranche deal was.. read more
Talk of a common EU bond issue 02 March 2009 5:53PM Among the various issues discussed by European leaders meeting over the weekend before last (ahead of a G20 meeting scheduled for April 2), was a proposal for a common bond to be issued by the Europea.. read more
AOFM shifts auction supplier 02 March 2009 5:52PM The Australian Office of Financial Management sold $1.1 billion of CGS last week, with the second bond tender being for only $500 million of bonds instead of $600 million, as had become the pattern un.. read more
CUA bond undersized 02 March 2009 5:51PM Investment banks assisting Credit Union Australia publicised details of the mortgage-backed bond in which the Australian Office of Financial Management is the cornerstone investor. read more
Woodside breaks the offshore drought 02 March 2009 5:49PM In offshore bond markets Woodside Petroleum capped off a strong two months which has seen a total of $33.2 billion equivalent of bonds issued. This is ahead of the $29.6 billion equivalent, of bonds i.. read more
Rating action claimed to have upset Woodside's bond issue 02 March 2009 5:48PM Woodside Petroleum saw the outlook on its 'A-' long-term credit rating from Standard & Poor's amended to negative from stable just as it was about to launch its benchmark bond issue in the US s144.. read more
Moody's completes its review of Australian RMBS 02 March 2009 5:47PM In the structured finance sector, Moody's downgraded the insurance financial strength rating assigned to MGIC Australia Pty Limited to 'Ba2' from 'A2' and left the rating with a stable outlook. read more
Yet bond issuance continued apace 23 February 2009 5:35PM Macquarie Bank provided the highlight of the week, raising $1.1 billion for five years in the domestic market. The government guaranteed bonds were priced at a spread of 100 basis points over swap, wh.. read more
Credit spreads steady against the static 23 February 2009 5:35PM Equity markets returned to their bear market lows and even went beyond last week, driven by a steady flow of bad news. The week started under the influence of Lloyds Banking Group's announcement the F.. read more
Fed funding machinery turning over 23 February 2009 5:34PM The Australian Office of Financial Management cranked up its plans to sell more government bonds, with two tenders of $600 million each for the week, a practice set to become a near permanent feature.. read more