AOFM's 2009/10 issuance cut by A$10 billion but TIB tenders to begin
Australia's better-than-expected economic performance since the last Commonwealth budget in May will lead to a reduction of government bond issuance of up to A$10 billion (US$9.06 billion) in the rest of the 2009/10 financial year, according to a November 5 statement from the Australian Office of Financial Management (AOFM). Total issuance for the year is now expected to be A$50.2-52.2 billion instead of the expected A$60 billion.ANZ prices A$1.25 billion in first big four benchmark in two months
After several weeks of slow primary markets in Australia, ANZ (AA/Aa1/AA) sold A$1.25 billion of fixed and floating rate five-year bonds in a real money-driven, unguaranteed transaction on November 5. The self-led deal is the bank's first five-year unguaranteed benchmark of 2009 and the first large domestic deal from a big four Australian bank since National Australia Bank (NAB)'s (AA/Aa1/AA) A$1.5 billion 2014 from September 9.Global investors gather to hear positive Australasian story
An elite group of nearly 40 major global investors from Asia, Europe and the Americas have received a bullish picture of the Australasian economy at a fixed income conference hosted by Commonwealth Bank of Australia (CommBank) and Queensland Treasury Corporation (QTC). Speakers at the event included the central banks and government funding agencies of Australia and New Zealand, as well as the four largest Australian semi-government treasury corporations.