Kanga.Trends
Investec’s sovereign-guaranteed bonds
Rabobank takes Aussie non-guaranteed market up a notch with A$800 million deal
Westpac opens Samurai bond market and ANZ follows
CBA gets unguaranteed tranche away but size limited.
Q+A: The giant wakes
Neil Hyden, chief executive officer at the Australian Office of Financial Management, discusses the government agency’s substantially increased target issuance of commonwealth government securities this financial year.
Feature: Visible means of support
Market participants agree that secondary liquidity in Australia has always been patchy. But last year, particularly in the second half, the liquidity drought took hold.While bankers report that in 2009 secondary activity has picked up, the market is looking to stability and increased primary issuance in non-guaranteed format to find a new equilibrium.
Feature: Karma chameleons
The world has changed. So have investor portfolios. The forces of fate and a new asset class – government-guaranteed bank paper – are driving supply-demand dynamics. Fund managers discuss how their portfolios are morphing as the market changes around them.
Feature: NZ retail goes shopping
After several years of declining issuance, corporate bonds are back with a bang in New Zealand as retail investors scramble to lock up high coupons in the face of plummeting cash rates. And even though 2009 is widely expected to feature more moving parts than a battleship, most market participants believe New Zealand will continue to offer opportunities for corporate funders.
Kanga.Deals
Exclusive data on AUD domestic deals priced in the year to February 19.
Plus league tables for AU domestic bond market.
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