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Monday, 18 March 2019

John Weavers' s stories

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  • Flying start for Kiwi agency

    Flying start for Kiwi agency

    Bonds | 15 March 2019

    The New Zealand Local Government Funding Agency set a domestic record last week with its first syndicated bond sale, raising NZ$1bn (US$680m) from an enlarged five-year offering.

  • A pedestrian under an umbrella waits in front of the AMP Centre in Sydney.

    AMP pulls US dollar Eurobonds

    Top News | 01 March 2019

    Embattled AMP Group Financial Services will have to wait longer to discover the extent of the premium it must pay to international investors for its prominent role in Australia’s financial scandals.

  • Aussie high yield gains altitude

    Aussie high-yield gains altitude

    Top News | 01 March 2019

    Virgin Australia gave Australia’s tiny high-yield bond market a lift on Tuesday with a A$250m (US$179m) 8.075% five-year non-call three issue that marked the biggest local offering from a Single B rated borrower.

  • A pedestrian under an umbrella waits in front of the AMP Centre in Sydney.

    AMP pulls US dollar Eurobonds ahead of S&P ratings news

    Ticker | 28 February 2019

    AMP Group Financial Services has postponed its planned dual-tranche US dollar Eurobond trade after becoming aware of an imminent meeting by ratings agency S&P concerning the issuer during the bookbuilding process.

  • Strong appetite for McDonald's first Kangaroo offering

    Strong appetite for McDonald's first Kangaroo offering

    Ticker | 26 February 2019

    McDonald’s, rated Baa1/BBB+ (Moody’s/S&P), has showed the Kangaroo market remains open for US corporates seeking US$1bn-plus from multi-tranche issues.

  • Non-bank nerves raise RMBS costs

    Non-bank nerves raise RMBS costs

    Top News | 22 February 2019

    There are early signs that the downturn in Australia’s housing market is raising the cost of funds for the country’s specialist mortgage lenders, with RMBS investors demanding a hefty premium for the latest non-bank offering.

  • Australian flag is planted on a sandbag wall protecting a business on a flooded street in Brisbane.

    Aussie MBS issuer Pepper sells second euro tranche

    Ticker | 21 February 2019

    Pepper Group sold a €100m tranche off its latest non-conforming Australian RMBS on Thursday, the second time in three months it has tapped European investors.

  • Australian thongs

    Pepper offers RMBS euro update

    Ticker | 20 February 2019

    Books for the euro tranche off Pepper Group’s Australian RMBS Pepper Residential Securities 23 are over 1.2 times covered, although a large portion of the demand has come from the joint lead managers.

  • GM prints modest Kangaroo debut

    GM prints modest Kangaroo debut

    Bonds | 15 February 2019

    General Motors Financial (Baa3/BBB/BBB), the wholly owned captive finance subsidiary of GM, has reopened the corporate Kangaroo market, but with a whimper rather than a bang as neither pricing nor size are likely to trigger a rush of copycat US issuance.

  • australia; banks; strategy; nab; cba; westpac; anz

    Royal pardon for Aussie banks

    Top News | 08 February 2019

    Australia’s senior bankers mostly breathed sighs of relief following the release of the final Royal Commission report into banking industry greed and malpractice, although the bosses of National Australia Bank quit after their bank was singled out for criticism.

  • RBNZ extends bank capital consultation

    People & Markets | 25 January 2019

    The Reserve Bank of New Zealand has extended  the consultation deadline for its proposal to raise the minimum amount of capital that banks must hold, to give stakeholders more time to respond to the dramatic shake-up.

  • Northern Territory reopens semi market with solid A$600m print

    Northern Territory reopens semi market with solid A$600m print

    Ticker | 24 January 2019

    Northern Territory Treasury Corp, rated Aa2 (Moody’s), reopened Australia’s semi-government market on Wednesday with a well received long eight-year bond that bodes well for syndicated sales of state paper, especially within the Double A spectrum.

  • ADB reaps Green rewards

    ADB reaps Green rewards

    Top News | 11 January 2019

    The Asian Development Bank smashed Green Kangaroo bond records last Tuesday, with a debut A$1bn (US$713m) five-year sale that underlines the benefits of placing socially responsible labels on new issues Down Under.

  • CBA pays up to reopen market

    CBA pays up to reopen market

    Bonds | 11 January 2019

    Commonwealth Bank of Australia (Aa3/AA–/AA–) reopened the domestic bond market last Tuesday with a self-led A$2.5bn (US$1.78bn) dual-tranche senior unsecured five-year issue that confirmed a further rise in wholesale funding costs.

  • Aussie majors stay close to home

    Aussie majors stay close to home

    Bonds | 14 December 2018

    National Australia Bank likely wrapped up major bank issuance for the year last Friday with a A$1.63bn (US$1.17bn) RMBS sale, although it is Australia’s senior unsecured market that has increasingly dominated wholesale funding through 2018.

  • New Zealand banks face Tier 1 surge

    People & Markets | 14 December 2018

    The Reserve Bank of New Zealand has proposed huge increases in bank capital ratios to bolster the financial system’s ability to cope with future shocks.

  • Niche-Market Bond: World Bank's A$110m two-year bond

    All Special Reports | 14 December 2018

    Few bonds over the decades can claim a potentially revolutionary impact on capital markets, but the World Bank and Commonwealth Bank of Australia won that right with the world’s first public offering of blockchain bonds.

  • Aussie majors hit the road

    Bonds | 30 November 2018

    Two of Australia’s four major banks ventured offshore last week with defensive multi-tranche trades that reflected the volatile global backdrop.

  • A National Australia Bank (NAB) employee assists a customer using an automatic tellar machine (ATM) at a branch in central Sydney, Australia.

    NAB pays up for US$2.5bn three-part bond

    Ticker | 27 November 2018

    National Australia Bank (Aa3/AA-/AA-) raised US$2.5bn from a defensive three-part bond overnight, but it had to pay up for the privilege.

  • Wayne Byres, chairman of Australian Prudential Regulation Authority (APRA), speaks at a panel of regulators in Sydney, Australia.

    Aussie majors to triple T2 pile

    Top News | 09 November 2018

    Australia’s four major banks may need to issue up to A$83bn (US$60.5bn) of new Tier 2 capital after regulators proposed an increase in total capital requirements.

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